Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Summary of Table Reconciling Basic and Diluted Net Income Per Share

The following table reconciles basic and diluted net income per share for the three months ended March 31:

	Three Months Ended
(dollars and shares in thousands, except per share data)	March 31,
	2015		2014
Basic Earnings Per Share
Net income	$	20,906	$	26,510
Weighted average common shares outstanding		118,540		99,797
Basic Earnings Per Share	$	0.18	$	0.27
Diluted Earnings Per Share
Net income	$	20,906	$	26,510
Weighted average common shares outstanding		118,540		99,797
Effect of dilutive securities:
Restricted stock		438		501
Stock options (1)		98		27
Weighted average shares outstanding		119,076		100,325
Diluted Earnings Per Share	$	0.18	$	0.26

(1) Options to purchase 924 shares and 832 shares outstanding at March 31, 2015 and 2014, respectively, were not included in the computation of net income per diluted share because the exercise price of these options was greater than the average market price of the common shares and, therefore, the effect would be antidilutive.