Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.8.0.1
Earnings Per Share (Tables)
 9 Months Ended
Sep. 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 
 September 30,
 
Nine Months Ended 
 September 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands, except for share and per share data)
Basic EPS:
 
 
 
 
 
 
 
Net income
$
14,923

 
$
13,121

 
$
43,162

 
$
42,073

Less: income allocated to unvested restricted shares
93

 
81

 
270

 
258

Income allocated to common shares
$
14,830

 
$
13,040

 
$
42,892

 
$
41,815

Weighted-average shares for basic EPS
32,095,286

 
31,912,470

 
32,058,705

 
31,880,466

Basic EPS
$
0.46

 
$
0.41

 
$
1.34

 
$
1.31

 
 
 
 
 
 
 
 
Effect of dilutive securities - options and unvested restricted stock
160,528

 
175,763

 
171,614

 
150,829

 
 
 
 
 
 
 
 
Diluted EPS:

 

 

 

Income allocated to common shares
$
14,830

 
$
13,040

 
$
42,892

 
$
41,815

Weighted-average shares for diluted EPS
32,255,814

 
32,088,233

 
32,230,319

 
32,031,295

Diluted EPS
$
0.46

 
$
0.41

 
$
1.33

 
$
1.31