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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of reconciliation of basic and diluted earnings per share (EPS)
The following table sets forth a reconciliation of basic and diluted earnings per share (“EPS”) for the periods indicated:
 
Three Months Ended
 
September 30, 2016
 
September 30, 2015
 
Basic
 
Fully
Diluted
 
Basic
 
Fully
Diluted
 
(In Thousands Except Share Data)
Numerator:
 

 
 

 
 

 
 

Net income
$
13,617

 
$
13,617

 
$
12,888

 
$
12,888

 
 
 
 
 
 
 
 
Denominator:
 

 
 

 
 

 
 

Weighted average shares outstanding
70,299,722

 
70,299,722

 
70,129,056

 
70,129,056

Effect of dilutive securities

 
151,038

 

 
110,964

Adjusted weighted average shares outstanding
70,299,722

 
70,450,760

 
70,129,056

 
70,240,020

 
 
 
 
 
 
 
 
EPS
$
0.19

 
$
0.19

 
$
0.18

 
$
0.18

 
Nine Months Ended
 
September 30, 2016
 
September 30, 2015
 
Basic
 
Fully
Diluted
 
Basic
 
Fully
Diluted
 
(In Thousands Except Share Data)
Numerator:
 

 
 

 
 

 
 

Net income
$
39,083

 
$
39,083

 
$
36,456

 
$
36,456

 
 
 
 
 
 
 
 
Denominator:
 

 
 

 
 

 
 

Weighted average shares outstanding
70,228,127

 
70,228,127

 
70,071,999

 
70,071,999

Effect of dilutive securities

 
166,338

 

 
135,984

Adjusted weighted average shares outstanding
70,228,127

 
70,394,465

 
70,071,999

 
70,207,983

 
 
 
 
 
 
 
 
EPS
$
0.56

 
$
0.56

 
$
0.52

 
$
0.52