Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2017

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: 

	Three Months Ended June 30,					Six Months Ended June 30,
(In thousands, except per share data)	2017			2016		2017			2016
Net income	$	52,014		$	25,775	$	99,618		$	49,380
Net income allocated to participating securities	219			—		446			—
Net income allocated to common shareholders (1)	$	51,795		$	25,775	$	99,172		$	49,380
Weighted average common shares - issued	71,122			38,258		71,046			38,228
Average unvested restricted share awards	(303		)	—		(321		)	—
Weighted average common shares outstanding - basic	70,819			38,258		70,725			38,228
Effect of dilutive securities
Weighted average common stock equivalents	624			342		704			332
Weighted average common shares outstanding - diluted	71,443			38,600		71,429			38,560
EPS available to common shareholders
Basic earnings per common share	$	0.73		$	0.67	$	1.41		$	1.29
Diluted earnings per common share	$	0.73		$	0.67	$	1.39		$	1.28

(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.