Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted EPS for the three and nine months ended September 30, 2019 and 2018:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
	(in thousands except per share amounts)
Basic EPS:
Net income	$	50,727	$	46,415	$	148,322	$	128,134
Less: Earnings allocated to participating securities:
Nonvested restricted shares	358		504		1,204		1,413
Earnings allocated to common shareholders	$	50,369	$	45,911	$	147,118	$	126,721
Weighted average common shares outstanding	71,803		72,427		72,256		72,370
Basic earnings per common share	$	0.70	$	0.63	$	2.04	$	1.75
Diluted EPS:
Earnings allocated to common shareholders	$	50,369	$	45,911	$	147,118	$	126,721
Weighted average common shares outstanding	71,803		72,427		72,256		72,370
Dilutive effect of equity awards	—		5		1		4
Weighted average diluted common shares outstanding	71,803		72,432		72,257		72,374
Diluted earnings per common share	$	0.70	$	0.63	$	2.04	$	1.75
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive	—		—		—		5