Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Summary of Earnings Per Common Share

Earnings per common share are calculated as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(unaudited, in thousands, except shares and per share amounts)	2016		2015		2016		2015
Numerator for both basic and diluted earnings per common share:
Net income	$	17,435	$	22,248	$	62,417	$	57,760
Denominator:
Total average basic common shares outstanding		39,715,516		38,523,593		38,828,618		37,144,783
Effect of dilutive stock options and other stock compensation		27,775		33,402		26,835		59,331
Total diluted average common shares outstanding		39,743,291		38,556,995		38,855,453		37,204,114
Earnings per common share – basic	$	0.44	$	0.58	$	1.61	$	1.55
Earnings per common share – diluted	$	0.44	$	0.58	$	1.61	$	1.55