Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.7.0.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2017
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,
 
2017
 
2016
 
(in thousands, except for share and per share data)
Basic EPS:
 
 
 
Net income
$
13,783

 
$
14,804

Less: income allocated to unvested restricted shares
84

 
79

Income allocated to common shares
$
13,699

 
$
14,725

Weighted-average shares for basic EPS
32,001,766

 
31,846,371

Basic EPS
$
0.43

 
$
0.46

 
 
 
 
Effect of dilutive securities - options and unvested restricted stock
189,692

 
81,732

 
 
 
 
Diluted EPS:

 

Income allocated to common shares
$
13,699

 
$
14,725

Weighted-average shares for diluted EPS
32,191,458

 
31,928,103

Diluted EPS
$
0.43

 
$
0.46