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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share for the periods indicated.

 

     For the Three Months Ended
March 31
 
(In thousands, except per share data)    2015      2014  

Earnings per common share - basic

     

Net income

   $ 25,126       $ 22,336   

Dividends and undistributed earnings allocated to unvested restricted shares

     (324      (403
  

 

 

    

 

 

 

Net income allocated to common shareholders

$ 24,802    $ 21,933   
  

 

 

    

 

 

 

Weighted average common shares outstanding

  33,168      29,270   

Earnings per common share - basic

$ 0.75    $ 0.75   

Earnings per common share - diluted

Net income allocated to common shareholders

$ 24,802    $ 21,933   

Dividends and undistributed earnings allocated to unvested restricted shares

  (20   (2
  

 

 

    

 

 

 

Net income allocated to common shareholders

$ 24,782    $ 21,931   
  

 

 

    

 

 

 

Weighted average common shares outstanding

  33,168      29,270   

Dilutive potential common shares - stock options

  67      147   
  

 

 

    

 

 

 

Weighted average common shares outstanding - diluted

  33,235      29,417   

Earnings per common share - diluted

$ 0.75    $ 0.75