• Filing Date: 2015-03-10
  • Form Type: 10-K
  • Description: Annual report
v2.4.1.9
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Summary of Numerator and Denominator of Basic and Fully Diluted Earnings Per Common Share

A summary of the numerator and denominator of the basic and fully diluted earnings per common share is presented below:

 

     Income
(Numerator)
     Shares
(Denominator)
     Per Share
Amount
 
Year Ended December 31, 2014         

Net income

   $ 62,664         

Less: Preferred stock dividends

     4         

Less: Income attributable to participating securities

     (4,318      
  

 

 

       

Basic Earnings Per Share:

Income allocated to common stockholders

  58,350      9,888    $ 5.90   
        

 

 

 

Effect of Dilutive Securities:

Stock options

  —        137   

Convertible preferred stock

  (4   20   

Convertible senior notes

  4,343      1,649   
  

 

 

    

 

 

    

Diluted Earnings Per Share:

Income available to common stockholders and assumed conversions

$ 62,689      11,694    $ 5.36   
  

 

 

    

 

 

    

 

 

 
Year Ended December 31, 2013

Net income

$ 65,562   

Less: Preferred stock dividends

  (104

Less: Income attributable to participating securities

  (3,213
  

 

 

       

Basic Earnings Per Share:

Income allocated to common stockholders

  62,245      10,691    $ 5.82   
        

 

 

 

Effect of Dilutive Securities:

Stock options

  —        163   

Convertible preferred stock

  104      178   

Convertible senior notes

  237      90   
  

 

 

    

 

 

    

Diluted Earnings Per Share:

Income available to common stockholders and assumed conversions

$ 62,586      11,122    $ 5.63   
  

 

 

    

 

 

    

 

 

 
Year Ended December 31, 2012

Net income

$ 30,157   

Less: Preferred stock dividends

  (322

Less: Income attributable to participating securities

  (488
  

 

 

       

Basic Earnings Per Share:

Income available to common stockholders

  29,347      8,497    $ 3.45   
        

 

 

 

Effect of Dilutive Securities:

Stock options

  —        220   

Convertible preferred stock

  322      655   

Warrants

  —        441   
  

 

 

    

 

 

    

Diluted Earnings Per Share:

Income available to common stockholders and assumed conversions

$ 29,669      9,813    $ 3.02