Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table summarizes the computation of basic and diluted earnings per share (in thousands, except per share data):

	Three Months Ended   March 31,
	2016		2015
Earnings per common share—basic
Net income	$	38,390	$	35,819
Weighted-average common shares outstanding—basic	93,952		77,753
Basic earnings per common share	$	0.41	$	0.46
Earnings per common share—diluted
Net income	$	38,390	$	35,819
Add: Interest on convertible debt	—		1,246
Net income including assumed conversions	$	38,390	$	37,065
Weighted-average common shares outstanding—basic	93,952		77,753
Convertible notes weighted-average shares outstanding	—		15,000
Options and restricted stock	1,472		1,143
Weighted-average common shares outstanding—diluted	95,424		93,896
Dilutive earnings per common share	$	0.40	$	0.39