Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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						Six Months Ended
	June 30, 2017			June 30, 2016			June 30, 2017			June 30, 2016
Numerator:
Net income	$	14,221		$	10,421		$	39,835		$	29,009
Less:  income allocable to participating securities		(49	)		(129	)		(138	)		(360	)
Income allocable to common shares	$	14,172		$	10,292		$	39,697		$	28,649
Add back:  undistributed earnings allocable to participating securities	$	49		$	129		$	138		$	360
Less:  undistributed earnings reallocated to participating securities		(48	)		(126	)		(136	)		(360	)
Numerator for diluted earnings per share	$	14,173		$	10,295		$	39,699		$	28,649
Denominator:
Weighted average common shares outstanding		50,315,455			50,315,455			50,315,455			50,315,455
Weighted average common shares repurchased		(1,277,102	)		(19,969	)		(1,200,109	)		(9,985	)
Adjustment for vested restricted stock		8,860,561			7,296,070			8,507,761			7,056,762
Shares for calculating basic earnings per share		57,898,914			57,591,556			57,623,107			57,362,232
Dilutive effect of unvested restricted stock		917,528			1,105,673			1,194,074			1,344,981
Shares for calculating diluted earnings per share		58,816,442			58,697,229			58,817,181			58,707,213
Earnings per share:
Basic	$	0.24		$	0.18		$	0.69		$	0.50
Diluted	$	0.24		$	0.18		$	0.67		$	0.49