Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Numerator:
Net income available to common shareholders	$	20,098	$	7,787	$	76,829	$	55,217
Denominator:
Basic weighted average shares outstanding		29,404,049		29,295,284		29,385,722		29,419,958
Effect of dilutive securities:
Stock appreciation rights and options		97,315		116,803		98,905		133,907
Restricted stock		76,852		104,631		78,870		81,931
Diluted weighted average shares outstanding		29,578,216		29,516,718		29,563,497		29,635,796
Basic earnings per share	$	0.68	$	0.27	$	2.61	$	1.88
Diluted earnings per share	$	0.68	$	0.26	$	2.60	$	1.86

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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Stock appreciation rights		17,957		—		14,156		6,174
Restricted stock		330		46		110		15