Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Numerator:
Net income available to common shareholders	$	6,898	$	3,744	$	53,578	$	40,012
Denominator:
Basic weighted average shares outstanding		29,295,284		31,227,643		29,419,958		31,547,212
Effect of dilutive securities:
Stock appreciation rights and options		81,612		182,082		95,738		216,276
Restricted stock		80,757		127,285		65,882		159,767
Diluted weighted average shares outstanding		29,457,653		31,537,010		29,581,578		31,923,255
Basic earnings per share	$	0.24	$	0.12	$	1.82	$	1.27
Diluted earnings per share	$	0.23	$	0.12	$	1.81	$	1.25

Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Restricted stock and stock options		46		2,004		15		668
Stock appreciation rights		—		7,726		6,174		2,575