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2330301 - Disclosure - Earnings Per Share (Tables)
(http://www.pacwestbancorp.com/role/EarningsPerShareTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001102112 (http://www.sec.gov/CIK)
Earnings Per Share [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Earnings Per Share [Abstract]
 
Net Income Per Share
The following table presents the computation of basic and diluted net earnings per share for the years indicated:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(Dollars in thousands, except per share data)
Basic Earnings Per Share:
 
 
 
 
 
Net earnings from continuing operations
$
352,166

 
$
299,619

 
$
170,468

Less: earnings allocated to unvested restricted stock(1)
(3,988
)
 
(2,892
)
 
(1,959
)
Net earnings from continuing operations allocated to common shares
348,178

 
296,727

 
168,509

Net loss from discontinued operations allocated to common shares
—

 
—

 
(1,545
)
Net earnings allocated to common shares
$
348,178

 
$
296,727

 
$
166,964

 
 
 
 
 
 
Weighted-average basic shares and unvested restricted stock outstanding
121,670

 
107,401

 
87,871

Less: weighted-average unvested restricted stock outstanding
(1,431
)
 
(1,074
)
 
(1,018
)
Weighted-average basic shares outstanding
120,239

 
106,327

 
86,853

 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
Net earnings from continuing operations
$
2.90

 
$
2.79

 
$
1.94

Net loss from discontinued operations
—

 
—

 
(0.02
)
Net earnings
$
2.90

 
$
2.79

 
$
1.92

 
 
 
 
 
 
Diluted Earnings Per Share:
 
 
 
 
 
Net earnings from continuing operations allocated to common shares
$
348,178

 
$
296,727

 
$
168,509

Net loss from discontinued operations allocated to common shares
—

 
—

 
(1,545
)
Net earnings allocated to common shares
$
348,178

 
$
296,727

 
$
166,964

 
 
 
 
 
 
Weighted-average basic shares outstanding
120,239

 
106,327

 
86,853

 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
Net earnings from continuing operations
$
2.90

 
$
2.79

 
$
1.94

Net loss from discontinued operations
—

 
—

 
(0.02
)
Net earnings
$
2.90

 
$
2.79

 
$
1.92

________________________
(1)
Represents cash dividends paid to holders of unvested restricted stock, net of estimated forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.