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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Reconciliation of Weighted-Average Common Shares Outstanding Used in Calculation of Basic EPS to Diluted EPS
The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three months ended March 31, 2017 and 2016, and reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS (amounts in thousands, except per share amounts):
 
 
For the Three Months Ended March 31,
 
2017
 
2016
Numerator:
 
 
 
Net income
$
10,281

 
$
5,502

Less: Net income allocated to participating securities
(102
)
 
(78
)
Numerator for basic and diluted earnings available to common stockholders
$
10,179

 
$
5,424

Denominator:
 
 
 
Weighted-average basic common shares outstanding
66,951

 
48,101

Weighted-average diluted common shares outstanding
66,951

 
48,101

 
 
 
 
Earnings per common share, basic
$
0.15

 
$
0.11

Earnings per common share, diluted
$
0.15

 
$
0.11