XML 33 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Common Share
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Common Share
EARNINGS PER COMMON SHARE
The table below displays the calculation of basic and diluted earnings per common share ("EPS").
Basic and Diluted EPS
(Amounts in thousands, except per share data)
 
 
Quarters Ended 
 March 31,
 
 
2017
 
2016
Net income
 
$
22,855

 
$
17,962

Net income applicable to non-vested restricted shares
 
(234
)
 
(212
)
Net income applicable to common shares
 
$
22,621

 
$
17,750

Weighted-average common shares outstanding:
 
 
 
 
Weighted-average common shares outstanding (basic)
 
100,411

 
77,980

Dilutive effect of common stock equivalents
 
21

 
12

Weighted-average diluted common shares outstanding
 
100,432

 
77,992

Basic EPS
 
$
0.23

 
$
0.23

Diluted EPS
 
$
0.23

 
$
0.23

Anti-dilutive shares not included in the computation of
  diluted EPS (1)
 
343

 
608


(1) 
This amount represents outstanding stock options for which the exercise price is greater than the average market price of the Company's common stock.