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Computation of Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Summary of Calculation of Basic Earnings Per Common Share and Diluted Earnings Per Common Share

The calculation of basic earnings per common share and diluted earnings per common share is as follows (in thousands except per share amounts):

 

 

 

For The Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

48,024

 

 

$

55,016

 

 

$

51,991

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share–weighted

     average common shares

 

 

25,038

 

 

 

24,919

 

 

 

24,505

 

Effect of dilutive stock options

 

 

51

 

 

 

93

 

 

 

239

 

Effect of other common stock equivalents

 

 

591

 

 

 

459

 

 

 

719

 

Denominator for diluted earnings per share–adjusted

     weighted average common shares

 

 

25,680

 

 

 

25,471

 

 

 

25,463

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share

 

$

1.92

 

 

$

2.21

 

 

$

2.12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share

 

$

1.87

 

 

$

2.16

 

 

$

2.04