| Reconciliation of weighted average shares outstanding along with the earnings per share attributable to restricted shares of common stock (participating securities) |
A reconciliation of weighted average shares
outstanding along with the earnings per share attributable to restricted shares of common stock (participating securities) is as
follows (in thousands except per share data). All share and per share information in the following chart are restated for the stock
split effective March 10, 2015:
| Years Ended December 31, |
|
2015 |
|
2014 |
|
2013 |
| Net income available to stockholders |
|
$ |
152,149 |
|
|
$ |
137,664 |
|
|
$ |
123,330 |
|
| Less: Dividends paid |
|
|
|
|
|
|
|
|
|
|
|
|
| Common Stock |
|
|
(90,631 |
) |
|
|
(74,704 |
) |
|
|
(64,571 |
) |
| Restricted shares of common stock |
|
|
(1,124 |
) |
|
|
(1,046 |
) |
|
|
(1,087 |
) |
| Undistributed earnings for the period |
|
$ |
60,394 |
|
|
$ |
61,914 |
|
|
$ |
57,672 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of undistributed earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock |
|
$ |
59,611 |
|
|
$ |
61,001 |
|
|
$ |
56,663 |
|
| Restricted shares of common stock |
|
|
783 |
|
|
|
913 |
|
|
|
1,009 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted allocation of undistributed earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock |
|
$ |
59,611 |
|
|
$ |
61,001 |
|
|
$ |
56,663 |
|
| Restricted shares of common stock |
|
|
783 |
|
|
|
913 |
|
|
|
1,009 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock |
|
|
215,749 |
|
|
|
215,470 |
|
|
|
215,289 |
|
| Restricted shares of common stock |
|
|
2,834 |
|
|
|
3,225 |
|
|
|
3,832 |
|
| |
|
|
218,583 |
|
|
|
218,695 |
|
|
|
219,121 |
|
| Diluted shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock |
|
|
215,749 |
|
|
|
215,470 |
|
|
|
215,289 |
|
| Dilutive effect of stock options |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
215,749 |
|
|
|
215,470 |
|
|
|
215,289 |
|
| Restricted shares of common stock |
|
|
2,834 |
|
|
|
3,225 |
|
|
|
3,832 |
|
| |
|
|
218,583 |
|
|
|
218,695 |
|
|
|
219,121 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock: |
|
|
|
|
|
|
|
|
|
|
|
|
| Distributed earnings |
|
$ |
0.42 |
|
|
$ |
0.35 |
|
|
$ |
0.30 |
|
| Undistributed earnings |
|
|
0.28 |
|
|
|
0.28 |
|
|
|
0.26 |
|
| |
|
$ |
0.70 |
|
|
$ |
0.63 |
|
|
$ |
0.56 |
|
| Restricted shares of common stock |
|
|
|
|
|
|
|
|
|
|
|
|
| Distributed earnings |
|
$ |
0.40 |
|
|
$ |
0.32 |
|
|
$ |
0.28 |
|
| Undistributed earnings |
|
|
0.28 |
|
|
|
0.28 |
|
|
|
0.26 |
|
| |
|
$ |
0.68 |
|
|
$ |
0.60 |
|
|
$ |
0.54 |
|
| Diluted earning per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock: |
|
|
|
|
|
|
|
|
|
|
|
|
| Distributed earnings |
|
$ |
0.42 |
|
|
$ |
0.35 |
|
|
$ |
0.30 |
|
| Undistributed earnings |
|
|
0.28 |
|
|
|
0.28 |
|
|
|
0.26 |
|
| |
|
$ |
0.70 |
|
|
$ |
0.63 |
|
|
$ |
0.56 |
|
|