Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2016

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,
	2016		2015		2014
	(in thousands except per share)
Basic EPS:
Net income	$	104,866	$	98,827	$	81,574
Less: Earnings allocated to participating securities
Preferred shares	185		175		157
Nonvested restricted shares	1,371		1,075		780
Earnings allocated to common shareholders	$	103,310	$	97,577	$	80,637
Weighted average common shares outstanding	57,184		57,019		52,618
Basic earnings per common share	$	1.81	$	1.71	$	1.53
Diluted EPS:
Earnings allocated to common shareholders (1)	$	103,310	$	97,577	$	80,640
Weighted average common shares outstanding	57,184		57,019		52,618
Dilutive effect of equity awards and warrants	9		13		565
Weighted average diluted common shares outstanding	57,193		57,032		53,183
Diluted earnings per common share	$	1.81	$	1.71	$	1.52
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive	19		37		64

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(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.