Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following is a reconciliation of net income and the number of shares of common stock used in the computation of basic and diluted earnings per share:

	Three Months Ended
	March 31, 2017			March 31, 2016
Numerator:
Net income	$	25,614		$	18,588
Less:  income allocable to participating securities		(193	)		(232	)
Income allocable to common shares	$	25,421		$	18,356
Add back:  undistributed earnings allocable to participating securities	$	193		$	232
Less:  undistributed earnings reallocated to participating securities		(189	)		(227	)
Numerator for diluted earnings per share	$	25,425		$	18,361
Denominator:
Weighted average common shares outstanding		50,315,455			50,315,455
Weighted average common shares repurchased		(1,122,261	)		—
Adjustment for vested restricted stock		8,113,993			6,817,454
Shares for calculating basic earnings per share		57,307,187			57,132,909
Dilutive effect of unvested restricted stock		1,218,793			1,229,131
Shares for calculating diluted earnings per share		58,525,980			58,362,040
Earnings per share:
Basic	$	0.44		$	0.32
Diluted	$	0.43		$	0.31