Basic

Net earnings

$

44,768

$

14,659

$

89,392

$

40,623

Deduct preferred stock dividends

11

23

Undistributed net earnings

44,757

14,648

89,369

40,600

Earnings attributable to participating preferred shareholders

43

17

92

48

Earnings attributable to common shareholders

$

44,714

$

14,631

$

89,277

$

40,552

Weighted average common shares outstanding

6,837

6,887

6,859

6,921

Basic earnings per common share

$

6.54

$

2.12

$

13.02

$

5.86

Diluted

Earnings attributable to common shareholders

$

44,714

$

14,631

$

89,277

$

40,552

Add dividends on convertible preferred stock

5

15

Earnings attributable to common stock on a diluted basis

$

44,719

$

14,636

$

89,292

$

40,567

Weighted average common shares outstanding - basic

6,837

6,887

6,859

6,921

Additional shares to be issued under full conversion of preferred stock

67

Total shares for diluted

6,904

6,954

6,926

6,988

Diluted earnings per common share

$

6.48

$

2.10

$

12.89

$

5.81