Earnings and Dividends Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the average number of common shares and the net income used in the calculation of basic and diluted earnings per common share (in thousands, except share and per share amounts):

	Three Months Ended
	March 31,
	2019		2018
Net income	$	35,679	$	38,432
BASIC:
Weighted average common shares outstanding	42,825,824		41,532,154
DILUTED:
Weighted average common shares outstanding	42,825,824		41,532,154
Stock options	75,695		44,722
Convertible subordinated debentures	223,513		—
Weighted average dilutive common shares outstanding	43,125,032		41,576,876
Net income per common share - basic	$	.83	$	.93
Net income per common share - diluted	$	.83	$	.92
Incremental anti-dilutive shares excluded:
Net share effect of stock options with an exercise price in excess of the average market price for our common shares	17,415		118,639
Regular dividends declared per common share	$	1.05	$	1.00