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Earnings Per Share Reconciliation (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Common Share Reconciliation

The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.

 

     For the Year Ended December 31,  
     2015      2014      2013  
     (In thousands, except per share amounts)  

Earnings per common share:

        

Net earnings

     $ 99,145         $ 104,021         $ 95,608   

Less: Net earnings allocated to restricted stock

     515         544         298   
  

 

 

    

 

 

    

 

 

 

Net earnings allocated to common shareholders

     $         98,630         $           103,477         $           95,310   
  

 

 

    

 

 

    

 

 

 

Weighted average shares outstanding

     105,715         105,239         104,729   

Basic earnings per common share

     $ 0.93         $ 0.98         $ 0.91   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per common share:

        

Net income allocated to common shareholders

     $ 98,630         $ 103,477         $ 95,310   
  

 

 

    

 

 

    

 

 

 

Weighted average shares outstanding

     105,715         105,239         104,729   

Incremental shares from assumed exercise of outstanding options

     477         520         397   
  

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding

     106,192         105,759         105,126   

Diluted earnings per common share

     $ 0.93         $ 0.98         $ 0.91