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Computation of Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2018
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 was as follows (in thousands, except per share amounts):

 

 

 

First Quarter

 

 

 

2018

 

 

2017 As Adjusted

(Note 1)

 

Numerator:

 

 

 

 

 

 

 

 

Net income

 

$

21,125

 

 

$

11,395

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic  earnings per share–weighted

     average common shares

 

 

25,698

 

 

 

25,225

 

Effect of dilutive stock options

 

 

172

 

 

 

118

 

Effect of other common stock equivalents

 

 

438

 

 

 

628

 

Denominator for diluted earnings per share–adjusted

     weighted average common shares

 

 

26,308

 

 

 

25,971

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share

 

$

0.82

 

 

$

0.45

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share

 

$

0.80

 

 

$

0.44