Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted EPS for the years ended December 31, 2014, 2013 and 2012 are presented below.

	For the Year Ended December 31,
	2014		2013		2012
	(in thousands, except earnings per share amounts)
Basic EPS:
Net income, as reported	$	53,666	$	43,637	$	29,353
Less allocated income to participating securities		—		142		22
Net income available to common shareholders – basic	$	53,666	$	43,495	$	29,331
Basic weighted-average common shares		18,646		18,373		18,166
Basic earnings per share	$	2.88	$	2.37	$	1.62
Diluted EPS:
Net income available to common shareholders - diluted	$	53,666	$	43,495	$	29,331
Diluted weighted average common shares:
Weighted average common shares		18,646		18,373		18,166
Stock options and performance shares		282		376		409
Diluted weighted average common shares		18,928		18,749		18,575
Diluted earnings per common share	$	2.84	$	2.32	$	1.58

Calculation of Percentage of Net Income Allocable to Common Shareholders

The table below sets forth the reconciliation of the weighted average shares used for the basic and diluted EPS calculation. Under the two-class method, unvested stock options, and out-of-money vested stock options are not considered to be participating securities.

	Years Ended
	2014		2013		2012
Basic weighted average common shares		18,646,128		18,373,033		18,166,261
Add: Other common shares eligible for common dividends:
Weighted average restricted shares and stock options (including tax benefit component)		282,376		375,776		408,930
Diluted weighted average common shares		18,928,504		18,748,809		18,575,191