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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Net Income, Weighted Average Common Shares Used in Calculating Basic Earnings Per Common Share and Diluted EPS
The following table presents net income, the weighted average common shares used in calculating basic earnings per common share (“EPS”) and those used in calculating diluted EPS for each period presented below. 
 
Three Months Ended 
 March 31,
 
2016
 
2015
Numerator
 
 
 
Net income
$
220,318

 
$
50,044

Deduct dividends paid
(32,448
)
 
(18,834
)
Undistributed earnings
$
187,870

 
$
31,210

Denominator
 
 
 
Weighted average shares outstanding used in basic earnings per share
65,086,935

 
69,770,224

Incremental common shares from:
 
 
 
PSUs
833,611

 
987,325

Weighted average shares used in diluted earnings per share calculations
65,920,546

 
70,757,549

Earnings per common share - Basic
 
 
 
Distributed earnings
$
0.50

 
$
0.27

Undistributed earnings
2.88

 
0.45

Net income
$
3.38

 
$
0.72

Earnings per common share - Diluted
 
 
 
Distributed earnings
$
0.49

 
$
0.27

Undistributed earnings
2.85

 
0.44

Net income
$
3.34

 
$
0.71