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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

(In thousands, except per share amounts)

 

Net income

$

34,130

 

 

$

30,918

 

 

$

114,616

 

 

$

93,007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

36,865

 

 

 

36,889

 

 

 

36,856

 

 

 

36,847

 

Dilutive effect of stock options and restricted stock

 

1,154

 

 

 

903

 

 

 

1,213

 

 

 

891

 

Diluted weighted average shares outstanding

 

38,019

 

 

 

37,792

 

 

 

38,069

 

 

 

37,738

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

$

0.93

 

 

$

0.84

 

 

$

3.11

 

 

$

2.52

 

Diluted earnings per share

$

0.90

 

 

$

0.82

 

 

$

3.01

 

 

$

2.46