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Earnings Per Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
The following table reconciles the numerators and denominators of basic and diluted earnings per share for the periods presented:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands, except shares and per share data)
2017
 
2016
 
2017
 
2016
Numerator for Earnings per Share—Basic:

 

 

 

Net income
$
22,721

 
$
20,581

 
$
63,674

 
$
53,733

Less: Income allocated to participating shares
73

 
68

 
214

 
167

Net Income Allocated to Shareholders
$
22,648

 
$
20,513

 
$
63,460

 
$
53,566

 
 
 
 
 
 
 
 
Numerator for Earnings per Share—Diluted:

 

 

 

Net income
$
22,721

 
$
20,581

 
$
63,674

 
$
53,733

Net Income Available to Shareholders
$
22,721

 
$
20,581

 
$
63,674

 
$
53,733

 
 
 
 
 
 
 
 
Denominators for Earnings per Share:

 

 

 

Weighted Average Shares Outstanding—Basic
34,751,266

 
34,687,487

 
34,722,370

 
34,674,453

Add: Potentially dilutive shares
208,873

 
81,018

 
208,139

 
72,724

Denominator for Treasury Stock Method—Diluted
34,960,139

 
34,768,505

 
34,930,509

 
34,747,177

 
 
 
 
 
 
 
 
Weighted Average Shares Outstanding—Basic
34,751,266

 
34,687,487

 
34,722,370

 
34,674,453

Add: Average participating shares outstanding
111,821

 
114,746

 
116,969

 
108,414

Denominator for Two-Class Method—Diluted
34,863,087

 
34,802,233

 
34,839,339

 
34,782,867

 
 
 
 
 
 
 
 
Earnings per share—basic
$
0.65

 
$
0.59

 
$
1.83

 
$
1.55

Earnings per share—diluted
$
0.65

 
$
0.59

 
$
1.82

 
$
1.54

Warrants considered anti-dilutive excluded from potentially dilutive shares - exercise price $31.53 per share, expires January 2019
443,575

 
517,012

 
452,188

 
517,012

Restricted stock considered anti-dilutive excluded from potentially dilutive shares
92,577

 
146,695

 
95,707

 
134,983