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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Summary of Earnings Per Common Share

Earnings per common share are calculated as follows:

 

     For the Three Months Ended
June 30,
     For the Six Months Ended
June 30,
 

(unaudited, in thousands, except shares and per share amounts)

   2018      2017      2018      2017  

Numerator for both basic and diluted earnings per
common share:

 

        

Net income

   $ 33,169      $ 26,341      $ 66,698      $ 52,228  
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Total average basic common shares outstanding

     46,498,305        43,995,749        45,281,264        43,971,789  

Effect of dilutive stock options and other stock compensation

     141,475        65,672        135,746        75,023  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total diluted average common shares outstanding

     46,639,780        44,061,421        45,417,010        44,046,812  
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per common share – basic

   $ 0.71      $ 0.60      $ 1.47      $ 1.19  

Earnings per common share – diluted

   $ 0.71      $ 0.60      $ 1.47      $ 1.19