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EXHIBIT 11

 

 

 

 

 

 

STATEMENT RE COMPUTATION OF PER SHARE EARNINGS

 

 

 

 

 

 

 

Year Ended December 31,

 

2015

 

2014

 

2013

Basic Earnings per Share

(In thousands, except per share amounts)

Average common shares outstanding

95,825 

 

95,973 

 

95,048 

 

 

 

 

 

 

Income available to common shareholders

$127,491 

 

$116,750 

 

$94,115 

 

 

 

 

 

 

Basic earnings per share

$1.33 

 

$1.22 

 

$0.99 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings per Share

 

 

 

 

 

Average common shares outstanding

95,825 

 

95,973 

 

95,048 

Effect of dilutive shares

299 

 

329 

 

284 

 

 

 

 

 

 

Average diluted shares outstanding

96,124 

 

96,302 

 

95,332 

 

 

 

 

 

 

Income available to common shareholders

$127,491 

 

$116,750 

 

$94,115 

 

 

 

 

 

 

Diluted earnings per share

$1.33 

 

$1.21 

 

$0.99