XML 29 R19.htm IDEA: XBRL DOCUMENT v3.19.2
CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS PER SHARE (EPS)
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS PER SHARE (EPS) CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS PER SHARE (EPS)

The following table reconciles basic to diluted weighted average shares outstanding used to calculate earnings per share data for the three and six months ended June 30, 2019 and 2018 (in thousands, except shares and per share data):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018
 
2019

 
2018

Net income
$
39,700

 
$
32,424

 
$
73,046

 
$
61,214

 
 
 


 


 


Basic weighted average shares outstanding
34,831,047

 
32,250,514

 
34,940,106

 
32,323,635

Plus unvested restricted stock
51,312

 
81,095

 
88,775

 
98,652

Diluted weighted shares outstanding
34,882,359

 
32,331,609

 
35,028,881

 
32,422,287

Earnings per common share
 

 
 

 
 

 
 

Basic
$
1.14

 
$
1.01

 
$
2.09

 
$
1.89

Diluted
$
1.14

 
$
1.00

 
$
2.09

 
$
1.89