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Earnings Per Common Share
6 Months Ended
Jun. 30, 2018
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 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2018
 
2017
 
2018
 
2017
Net income
 
$
29,600

 
$
34,950

 
$
63,110

 
$
57,805

Net income applicable to non-vested restricted shares
 
(240
)
 
(336
)
 
(551
)
 
(570
)
Net income applicable to common shares
 
$
29,360

 
$
34,614

 
$
62,559

 
$
57,235

Weighted-average common shares outstanding:
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding (basic)
 
102,159

 
101,743

 
102,041

 
101,081

Dilutive effect of common stock equivalents
 

 
20

 
8

 
20

Weighted-average diluted common shares outstanding
 
102,159

 
101,763

 
102,049

 
101,101

Basic EPS
 
$
0.29

 
$
0.34

 
$
0.61

 
$
0.57

Diluted EPS
 
$
0.29

 
$
0.34

 
$
0.61

 
$
0.57

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

 
195

 
54

 
269

(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. The final outstanding stock options were exercised during the first quarter of 2018.