Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.5.0.2
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 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 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
 
(in thousands, except for share and per share data)
Basic EPS:
 
 
 
 
 
 
 
Net income
$
13,121

 
$
13,959

 
$
42,073

 
$
38,997

Less: income allocated to unvested restricted shares
81

 
78

 
258

 
78

Income allocated to common shares
$
13,040

 
$
13,881

 
$
41,815

 
$
38,919

Weighted-average shares for basic EPS
31,912,470

 
31,799,573

 
31,880,466

 
31,774,047

Basic EPS
$
0.41

 
$
0.44

 
$
1.31

 
$
1.22

 
 
 
 
 
 
 
 
Effect of dilutive securities - options and unvested restricted stock
175,763

 
110,235

 
150,829

 
80,977

 
 
 
 
 
 
 
 
Diluted EPS:

 

 

 

Income allocated to common shares
$
13,040

 
$
13,881

 
$
41,815

 
$
38,919

Weighted-average shares for diluted EPS
32,088,233

 
31,909,808

 
32,031,295

 
31,855,024

Diluted EPS
$
0.41

 
$
0.44

 
$
1.31

 
$
1.22