Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following tables set forth the computation of basic and diluted earnings per share using the two-class method (in thousands, except share and per share amounts):

Basic earnings per share:	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Net income	$	49,327	$	40,426	$	91,369	$	77,724
Allocation of net income to common stockholders:
Common stock	$	49,088	$	40,196	$	90,933	$	77,296
Unvested participating shares	239		230		436		428
	$	49,327	$	40,426	$	91,369	$	77,724
Weighted average number of common shares:
Common stock	57,847,630		57,613,596		57,763,335		57,902,208
Unvested participating shares	281,387		330,089		276,270		320,489
Earnings per common share:
Common stock	$	0.85	$	0.70	$	1.57	$	1.33

Diluted earnings per share:	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
Earnings allocated to common stock	$	49,088		$	40,196		$	90,933		$	77,296
Plus earnings allocated to unvested participating shares	239			230			436			428
Less adjusted earnings allocated to unvested participating shares	(234		)	(226		)	(427		)	(420		)
Earnings allocated to common stock	$	49,093		$	40,200		$	90,942		$	77,304
Weighted average number of common shares:
Common stock	57,847,630			57,613,596			57,763,335			57,902,208
Effect of dilutive securities	1,092,133			1,147,633			1,082,738			1,202,423
	58,939,763			58,761,229			58,846,073			59,104,631
Earnings per common share:
Common stock	$	0.83		$	0.68		$	1.55		$	1.31