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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Net Income Per Common Share

The following table displays a reconciliation of the information used in calculating basic and diluted net income per common share for each of the years in the period ended December 31, 2018.

 

 

 

Year Ended December 31,

 

(In thousands, except per share data)

 

2018

 

 

2017

 

 

2016

 

Net income per consolidated statements of income

 

$

166,261

 

 

$

102,353

 

 

$

65,774

 

Net income allocated to participating securities

 

 

(197

)

 

 

 

 

 

 

Net income allocated to common stock

 

$

166,064

 

 

$

102,353

 

 

$

65,774

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (Basic)

 

 

83,562,109

 

 

 

81,072,945

 

 

 

75,000,000

 

Weighted average dilutive restricted stock units

 

 

813,180

 

 

 

532,070

 

 

 

294,600

 

Weighted average common shares outstanding (Diluted)

 

 

84,375,289

 

 

 

81,605,015

 

 

 

75,294,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share (Basic)

 

$

1.99

 

 

$

1.26

 

 

$

0.88

 

Earnings per common share (Diluted)

 

$

1.97

 

 

$

1.25

 

 

$

0.87