XML 49 R35.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Summary of Earnings Per Common Share

Earnings per common share are calculated as follows:

 

     For the years ended December 31,  

(in thousands, except shares and per share amounts)

   2016      2015      2014  

Numerator for both basic and diluted earnings per common share:

        

Net income

   $ 86,635       $ 80,762       $ 69,974   
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Total average basic common shares outstanding

     40,100,320         37,488,331         29,249,499   

Effect of dilutive stock options and warrant

     26,756         58,796         84,377   
  

 

 

    

 

 

    

 

 

 

Total diluted average common shares outstanding

     40,127,076         37,547,127         29,333,876   
  

 

 

    

 

 

    

 

 

 

Earnings per common share—basic

   $ 2.16       $ 2.15       $ 2.39   

Earnings per common share—diluted

     2.16         2.15         2.39