Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated:

	Year Ended December 31,
	2014		2013		2012
	(in thousands except per share)
Basic EPS:
Net income	$	81,574	$	60,016	$	46,143
Less: Earnings allocated to participating securities
Preferred shares	157		95		—
Nonvested restricted shares	780		523		443
Earnings allocated to common shareholders	$	80,637	$	59,398	$	45,700
Weighted average common shares outstanding	52,618		47,993		39,260
Basic earnings per common share	$	1.53	$	1.24	$	1.16
Diluted EPS:
Earnings allocated to common shareholders (1)	$	80,640	$	59,407	$	45,700
Weighted average common shares outstanding	52,618		47,993		39,260
Dilutive effect of equity awards and warrants	565		1,058		3
Weighted average diluted common shares outstanding	53,183		49,051		39,263
Diluted earnings per common share	$	1.52	$	1.21	$	1.16
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive	64		64		9

 __________

(1) Earnings allocated to common shareholders for basic and diluted EPS may differ under the two-class method as a result of adding common stock equivalents for options and warrants to dilutive shares outstanding, which alters the ratio used to allocate earnings to common shareholders and participating securities for the purposes of calculating diluted EPS.