Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.4.0.3
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:
 
Three Months Ended
 
March 31, 2016
 
March 31, 2015
 
(in thousands, except for share and per share data)
Basic EPS:
 
 
 
Net income
$
14,804

 
$
11,054

Less: income allocated to unvested restricted shares
79

 
—

Income allocated to common shares
14,725

 
11,054

Weighted-average shares for basic EPS
31,846,371

 
31,747,299

Basic EPS
$
0.46

 
$
0.35

 
 
 
 
Effect of dilutive securities - options and unvested restricted stock
81,732

 
279,424

 
 
 
 
Diluted EPS:
 
 
 
Income allocated to common shares
$
14,725

 
$
11,054

Weighted-average shares for diluted EPS
31,928,103

 
32,026,723

Diluted EPS
$
0.46

 
$
0.35