EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2017

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings (loss) per share

	Three Months Ended				Six Months Ended
	June 30				June 30
	2017		2016		2017		2016
	(in thousands, except share and per share data)
Basic
Numerator:
Net income	$	15,777	$	10,231	$	8,370	$	4,128
Effect of unvested restricted stock awards		(65)		(81)		(50)		(38)
Adjusted net income	$	15,712	$	10,150	$	8,320	$	4,090
Denominator:
Weighted-average shares		25,767,791		25,791,026		25,726,363		25,806,774
Earnings per common share	$	0.61	$	0.39	$	0.32	$	0.16
Diluted
Numerator:
Net income	$	15,777	$	10,231	$	8,370	$	4,128
Effect of unvested restricted stock awards		(64)		(80)		(50)		(38)
Adjusted net income	$	15,713	$	10,151	$	8,320	$	4,090
Denominator:
Weighted-average shares		25,767,791		25,791,026		25,726,363		25,806,774
Effect of dilutive securities		523,850		455,842		652,073		488,909
Adjusted weighted-average shares and assumed conversions		26,291,641		26,246,868		26,378,436		26,295,683
Earnings per common share	$	0.60	$	0.39	$	0.32	$	0.16