| Earnings Per Common Share |
Earnings per Common Share The Company applies the two-class method of computing basic and diluted EPS. Under the two-class method, EPS is determined for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company grants restricted shares under share-based compensation plans that qualify as participating securities. The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2013 and 2012: | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2013 | | 2012 | | 2013 | | 2012 | | | (in thousands except per share) | Basic EPS: | | | | | | | | | Net income | | $ | 14,591 |
| | $ | 11,899 |
| | $ | 26,767 |
| | $ | 20,801 |
| Less: Earnings allocated to participating securities | | | | | | | | | Preferred shares | | 29 |
| | — |
| | 30 |
| | — |
| Nonvested restricted shares | | 124 |
| | 122 |
| | 244 |
| | 223 |
| Earnings allocated to common shareholders | | $ | 14,438 |
| | $ | 11,777 |
| | $ | 26,493 |
| | $ | 20,578 |
| Weighted average common shares outstanding | | 50,788 |
| | 39,260 |
| | 45,099 |
| | 39,228 |
| Basic earnings per common share | | $ | 0.28 |
| | $ | 0.30 |
| | $ | 0.59 |
| | $ | 0.52 |
| Diluted EPS: | | | | | | | | | Earnings allocated to common shareholders | | $ | 14,441 |
| | $ | 11,777 |
| | $ | 26,495 |
| | $ | 20,578 |
| Weighted average common shares outstanding | | 50,788 |
| | 39,260 |
| | 45,099 |
| | 39,228 |
| Dilutive effect of equity awards | | 1,337 |
| | 48 |
| | 659 |
| | 78 |
| Weighted average diluted common shares outstanding | | 52,125 |
| | 39,308 |
| | 45,758 |
| | 39,306 |
| Diluted earnings per common share | | $ | 0.28 |
| | $ | 0.30 |
| | $ | 0.58 |
| | $ | 0.52 |
| Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive | | 143 |
| | 46 |
| | 76 |
| | 46 |
|
|