Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

	Three Months Ended March 31,
	2017		2016
Numerator:
Net income available to common shareholders	$	27,949	$	23,706
Denominator:
Basic weighted average shares outstanding		29,363,210		29,697,722
Effect of dilutive securities:
Stock appreciation rights and options		100,585		148,047
Restricted stock		97,611		64,523
Diluted weighted average shares outstanding		29,561,406		29,910,292
Basic earnings per share	$	0.95	$	0.80
Diluted earnings per share	$	0.95	$	0.79

Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

	Three Months Ended March 31,
	2017		2016
Stock appreciation rights		8,170		18,523