Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.10.0.1
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 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 
 September 30,
 
Nine Months Ended 
 September 30,
 
2018
 
2017
 
2018
 
2017
 
(in thousands, except for share and per share data)
Basic EPS:
 
 
 
 
 
 
 
Net income
$
16,081

 
$
14,923

 
$
46,484

 
$
43,162

Less: income allocated to unvested restricted shares
101

 
93

 
284

 
270

Income allocated to common shares
$
15,980

 
$
14,830

 
$
46,200

 
$
42,892

Weighted-average shares for basic EPS
32,155,132

 
32,095,286

 
32,171,558

 
32,058,705

Basic EPS
$
0.50

 
$
0.46

 
$
1.44

 
$
1.34

 
 
 
 
 
 
 
 
Effect of dilutive securities - options and unvested restricted stock
120,145

 
160,528

 
134,483

 
171,614

 
 
 
 
 
 
 
 
Diluted EPS:

 

 

 

Income allocated to common shares
$
15,980

 
$
14,830

 
$
46,200

 
$
42,892

Weighted-average shares for diluted EPS
32,275,277

 
32,255,814

 
32,306,041

 
32,230,319

Diluted EPS
$
0.50

 
$
0.46

 
$
1.43

 
$
1.33