XML 36 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

2017

 

 

 

2018

 

 

*As Adjusted

 

 

2018

 

 

*As Adjusted

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

35,722

 

 

$

20,016

 

 

$

76,882

 

 

$

53,710

 

Less:  income allocable to participating securities

 

 

(83

)

 

 

(69

)

 

 

(179

)

 

 

(187

)

Income allocable to common shares

 

$

35,639

 

 

$

19,947

 

 

$

76,703

 

 

$

53,523

 

Add back:  undistributed earnings allocable to participating securities

 

$

83

 

 

$

69

 

 

$

179

 

 

$

187

 

Less:  undistributed earnings reallocated to participating securities

 

 

(82

)

 

 

(68

)

 

 

(176

)

 

 

(183

)

Numerator for diluted earnings per share

 

$

35,640

 

 

$

19,948

 

 

$

76,706

 

 

$

53,527

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

57,837,312

 

 

 

57,898,914

 

 

 

57,815,290

 

 

 

57,623,107

 

Dilutive effect of unvested restricted stock

 

 

883,473

 

 

 

917,528

 

 

 

951,613

 

 

 

1,194,074

 

Diluted weighted average shares outstanding

 

 

58,720,785

 

 

 

58,816,442

 

 

 

58,766,903

 

 

 

58,817,181

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.62

 

 

$

0.34

 

 

$

1.33

 

 

$

0.93

 

Diluted

 

$

0.61

 

 

$

0.34

 

 

$

1.31

 

 

$

0.91

 

 

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