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Earnings per Common Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings per Common Share and Dividends Declared per Common Share  
Schedule Of Weighted Average Shares Outstanding Used In Calculation Of Basic And Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

(in thousands, except share amounts)

    

2016

    

2015

    

2014

 

Net income from continuing operations

 

$

34,899

 

$

26,140

 

$

28,798

 

Net income (loss) from discontinued operations

 

 

 -

 

 

(71)

 

 

209

 

Net income

 

 

34,899

 

 

26,069

 

 

29,007

 

Preferred stock dividends

 

 

 -

 

 

(320)

 

 

(574)

 

Net income available to common shareholders

 

 

34,899

 

 

25,749

 

 

28,433

 

Dividends and undistributed earnings allocated to participating securities

 

 

(397)

 

 

(331)

 

 

(434)

 

Earnings allocated to common shares (1)

 

$

34,502

 

$

25,418

 

$

27,999

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares - issued

 

 

41,379,894

 

 

40,991,762

 

 

40,616,022

 

Average unvested restricted share awards

 

 

(470,414)

 

 

(522,238)

 

 

(609,276)

 

Weighted average common shares outstanding - basic

 

 

40,909,480

 

 

40,469,524

 

 

40,006,746

 

Effect of dilutive stock options, awards and warrants outstanding

 

 

215,433

 

 

255,524

 

 

205,847

 

Weighted average common shares outstanding - diluted

 

 

41,124,913

 

 

40,725,048

 

 

40,212,593

 

Weighted average antidilutive securities outstanding (2)

 

 

125,022

 

 

154,714

 

 

676,248

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

Basic - continuing

 

$

0.84

 

$

0.63

 

$

0.69

 

Diluted - continuing

 

$

0.84

 

$

0.62

 

$

0.69

 

Basic - discontinued

 

$

 -

 

$

0.00

 

$

0.01

 

Diluted - discontinued

 

$

 -

 

$

0.00

 

$

0.01

 

Basic

 

$

0.84

 

$

0.63

 

$

0.70

 

Diluted

 

$

0.84

 

$

0.62

 

$

0.70

 

 


(1)

Earnings allocated to common shareholders for basic EPS under the two-class method may differ from earnings allocated for diluted EPS when use of the treasury method results in greater dilution than the two-class method.

(2)

Antidilutive shares excluded from the diluted earnings per share computation.