Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.7.0.1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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 
 June 30,
 
Six Months Ended 
 June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands, except for share and per share data)
Basic EPS:
 
 
 
 
 
 
 
Net income
$
14,457

 
$
14,148

 
$
28,240

 
$
28,952

Less: income allocated to unvested restricted shares
93

 
98

 
177

 
178

Income allocated to common shares
$
14,364

 
$
14,050

 
$
28,063

 
$
28,774

Weighted-average shares for basic EPS
32,078,038

 
31,882,489

 
32,040,113

 
31,864,427

Basic EPS
$
0.45

 
$
0.44

 
$
0.88

 
$
0.90

 
 
 
 
 
 
 
 
Effect of dilutive securities - options and unvested restricted stock
164,996

 
147,421

 
176,558

 
136,736

 
 
 
 
 
 
 
 
Diluted EPS:

 

 

 

Income allocated to common shares
$
14,364

 
$
14,050

 
$
28,063

 
$
28,774

Weighted-average shares for diluted EPS
32,243,034

 
32,029,910

 
32,216,671

 
32,001,163

Diluted EPS
$
0.45

 
$
0.44

 
$
0.87

 
$
0.90