Earnings per Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

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

	Three Months Ended March 31,
	2017		2016
	(in thousands, except per share amounts)
Numerator
Net income	$	31,935	$	61,920
Denominator
Weighted-average shares outstanding, basic	69,348		71,572
Effect of dilutive stock awards	244		204
Adjusted weighted-average shares outstanding, diluted	69,592		71,777
Net income per share
Basic earnings per common share	$	0.46	$	0.87
Diluted earnings per common share	$	0.46	$	0.86
Anti-dilutive weighted-average shares	88		85