Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.5.0.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 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
 
Six Months Ended
 
June 30, 2016
 
June 30, 2015
 
June 30, 2016
 
June 30, 2015
 
(in thousands, except for share and per share data)
Basic EPS:
 
 
 
 
 
 
 
Net income
$
14,148

 
$
13,984

 
$
28,952

 
$
25,038

Less: income allocated to unvested restricted shares
98

 
—

 
178

 
—

Income allocated to common shares
$
14,050

 
$
13,984

 
$
28,774

 
$
25,038

Weighted-average shares for basic EPS
31,882,489

 
31,774,692

 
31,864,427

 
31,761,067

Basic EPS
$
0.44

 
$
0.44

 
$
0.90

 
$
0.79

 
 
 
 
 
 
 
 
Effect of dilutive securities - options and unvested restricted stock
147,421

 
134,027

 
136,736

 
113,417

 
 
 
 
 
 
 
 
Diluted EPS:

 

 

 

Income allocated to common shares
$
14,050

 
$
13,984

 
$
28,774

 
$
25,038

Weighted-average shares for diluted EPS
32,029,910

 
31,908,719

 
32,001,163

 
31,874,484

Diluted EPS
$
0.44

 
$
0.44

 
$
0.90

 
$
0.79