Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016, 2015 and 2014 are presented below.

	For the Year Ended December 31,
	2016		2015		2014
	(in thousands, except earnings per share amounts)
Basic EPS:
Net income available to common shareholders – basic	$	77,865	$	70,462	$	53,666
Basic weighted-average common shares		19,106		18,941		18,646
Basic earnings per share	$	4.08	$	3.72	$	2.88
Diluted EPS:
Net income available to common shareholders - diluted	$	77,865	$	70,462	$	53,666
Diluted weighted average common shares:
Weighted average common shares		19,106		18,941		18,646
Stock options and performance shares		98		178		282
Diluted weighted average common shares		19,204		19,119		18,928
Diluted earnings per common share	$	4.05	$	3.69	$	2.84

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.

	Years Ended
	2016		2015		2014
Basic weighted average common shares		19,105,806		18,941,077		18,646,128
Add: Other common shares eligible for common dividends:
Weighted average restricted shares and stock options    (including tax benefit component)		97,844		178,109		282,376
Diluted weighted average common shares		19,203,650		19,119,186		18,928,504