Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

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
		2018		*As Adjusted
Numerator:
Net income	$	41,160		$	33,694
Less:  income allocable to participating securities		(100	)		(254	)
Income allocable to common shares	$	41,060		$	33,440
Add back:  undistributed earnings allocable to participating securities	$	100		$	254
Less:  undistributed earnings reallocated to participating securities		(98	)		(249	)
Numerator for diluted earnings per share	$	41,062		$	33,445
Denominator:
Weighted average common shares outstanding		50,315,455			50,315,455
Weighted average common shares repurchased		(2,408,586	)		(1,122,261	)
Adjustment for vested restricted stock		9,886,154			8,113,993
Shares for calculating basic earnings per share		57,793,023			57,307,187
Dilutive effect of unvested restricted stock		945,709			1,218,793
Shares for calculating diluted earnings per share		58,738,732			58,525,980
Earnings per share:
Basic	$	0.71		$	0.58
Diluted	$	0.70		$	0.57

 * Prior year amounts have been recast to reflect the adoption of ASU 2014-09.  See Note 2 for description of adjustments.