| Reconciliation of Numerator and Denominator of Basic Earnings Per Share with that of Diluted Earnings Per Share |
The reconciliation of the numerator and denominator of basic earnings per share with that of diluted earnings per share is presented as follows:
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| Distributed earnings allocated to common stock |
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$ |
52,243 |
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$ |
52,402 |
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$ |
105,727 |
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$ |
105,913 |
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| Undistributed earnings allocated to common stock |
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78,982 |
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68,046 |
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149,506 |
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98,660 |
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| Net earnings allocated to common shareholders |
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$ |
131,225 |
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$ |
120,448 |
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$ |
255,233 |
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$ |
204,573 |
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| Average common shares outstanding |
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137,982,273 |
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142,206,539 |
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138,691,869 |
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142,175,506 |
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| Effect of dilutive common stock-based awards |
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435,371 |
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237,958 |
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470,230 |
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290,037 |
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| Average diluted shares outstanding |
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138,417,644 |
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142,444,497 |
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139,162,099 |
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142,465,543 |
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| Earnings per basic common share |
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$ |
0.95 |
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$ |
0.85 |
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$ |
1.84 |
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$ |
1.44 |
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| Earnings per diluted common share |
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$ |
0.95 |
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$ |
0.85 |
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$ |
1.83 |
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$ |
1.44 |
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