Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2017

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 three and nine months ended September 30, 2017 and 2016:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
	(in thousands except per share)
Basic EPS:
Net income	$	40,769	$	27,484	$	97,100	$	74,148
Less: Earnings allocated to participating securities:
Preferred shares	—		48		4		131
Nonvested restricted shares	558		378		1,325		953
Earnings allocated to common shareholders	$	40,211	$	27,058	$	95,771	$	73,064
Weighted average common shares outstanding	57,566		57,215		57,459		57,173
Basic earnings per common share	$	0.70	$	0.47	$	1.67	$	1.28
Diluted EPS:
Earnings allocated to common shareholders	$	40,211	$	27,058	$	95,771	$	73,064
Weighted average common shares outstanding	57,566		57,215		57,459		57,173
Dilutive effect of equity awards	5		10		6		10
Weighted average diluted common shares outstanding	57,571		57,225		57,465		57,183
Diluted earnings per common share	$	0.70	$	0.47	$	1.67	$	1.28
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive	12		15		13		20