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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Diluted, by Common Class
The basic and diluted earnings per share (“EPS”), and the basic and diluted weighted average shares outstanding for all periods as presented in the accompanying Consolidated Statements of Income are shown below:
 
 
For the year ended
December 31,
 
 
(In thousands, except per share amounts)
Earnings per share:
 
2016
 
2015
 
2014
Basic earnings per common share
 
$
2.88

 
$
2.29

 
$
1.68

Diluted earnings per common share
 
$
2.86

 
$
2.28

 
$
1.67

Basic weighted average shares outstanding
 
32,603

 
34,668

 
37,809

Diluted weighted average shares outstanding
 
32,863

 
34,901

 
38,040

Schedule of Weighted Average Number of Shares
Diluted shares outstanding are determined as follows for each year ending December 31, 2016, 2015, and 2014:

 
 
For the year ended
December 31,
 
 
(in thousands)
 
 
2016
 
2015
 
2014
Basic weighted average shares outstanding
 
32,603

 
34,668

 
37,809

Incremental shares for common stock equivalents
 
260

 
233

 
231

Diluted shares outstanding
 
32,863

 
34,901

 
38,040