Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Numerator and denominator of the basic and diluted earnings per common share computations

The factors used in the earnings per share computation follow: 

	For the years ended December 31,
(In thousands, except per share data)	2016			2015		2014
Net income	$	108,032		$	86,830	$	62,121
Net income allocated to participating securities	166			—		—
Net income allocated to common shareholders(1)	$	107,866		$	86,830	$	62,121
Weighted average common shares - issued	49,091			36,081		31,367
Average unvested restricted share awards	(139		)	—		—
Weighted average common shares outstanding - basic	48,952			36,081		31,367
Effect of dilutive securities
Weighted average common stock equivalents	651			272		221
Weighted average common shares outstanding - diluted	49,603			36,353		31,588
EPS available to common shareholders
Basic earnings per common share	$	2.21		$	2.41	$	1.98
Diluted earnings per common share	$	2.17		$	2.39	$	1.97

(1) Net income allocated to common shareholders for basic and diluted earnings per share may differ under the two-class method as a result of adding common share equivalents for options and warrants to dilutive shares outstanding, which alters the ratio used to allocate net income to common shareholders and participating securities for the purposes of calculating diluted earnings per share.