Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.8.0.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2018
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,
 
2018
 
2017
 
(in thousands, except for share and per share data)
Basic EPS:
 
 
 
Net income
$
14,855

 
$
13,783

Less: income allocated to unvested restricted shares
89

 
84

Income allocated to common shares
$
14,766

 
$
13,699

Weighted-average shares for basic EPS
32,145,214

 
32,001,766

Basic EPS
$
0.46

 
$
0.43

 
 
 
 
Effect of dilutive securities - options and unvested restricted stock
155,881

 
189,692

 
 
 
 
Diluted EPS:

 

Income allocated to common shares
$
14,766

 
$
13,699

Weighted-average shares for diluted EPS
32,301,095

 
32,191,458

Diluted EPS
$
0.46

 
$
0.43