CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS PER SHARE (EPS) (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Weighted Shares Outstanding

The following table reconciles basic to diluted weighted shares outstanding used to calculate earnings per share data (in thousands, except shares and per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Net income	$	23,851	$	12,947	$	62,581	$	38,329
Basic weighted average shares outstanding	34,045,225		20,755,394		34,050,459		20,417,601
Plus unvested restricted stock	79,386		65,983		54,416		50,008
Diluted weighted shares outstanding	34,124,611		20,821,377		34,104,875		20,467,609
Earnings per common share
Basic	$	0.70	$	0.62	$	1.84	$	1.88
Diluted	$	0.70	$	0.62	$	1.83	$	1.87