Basic

Net earnings

$

114,674

$

41,224

$

63,318

Deduct preferred stock dividends

23

Undistributed net earnings

114,651

41,201

63,295

Earnings attributable to participating preferred shareholders

116

48

72

Earnings attributable to common shareholders

$

114,535

$

41,153

$

63,223

Weighted average common shares outstanding

6,837

6,912

7,318

Basic earnings per common share

$

16.75

$

5.95

$

8.64

Diluted

Earnings attributable to common shareholders

$

114,535

$

41,153

$

63,223

Add dividends on convertible preferred stock

20

Earnings attributable to common stock on a diluted basis

$

114,555

$

41,173

$

63,243

Weighted average common shares outstanding - basic

6,837

6,912

7,318

Additional shares to be issued under full conversion of preferred stock

67

Total shares for diluted

6,904

6,979

7,385

Diluted earnings per common share

$

16.59

$

5.90

$

8.56