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Earnings Per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
The following represents a reconciliation of the numerator and denominator of the basic and diluted earnings per share computations contained in the condensed consolidated financial statements:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands, except share and per share amounts)
Net income to shareholders
$
14,541

 
$
14,596

 
$
32,991

 
$
27,433

 
 
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
Basic
29,406,877

 
29,035,512

 
29,348,557

 
28,994,260

Common share equivalents
900,222

 
790,402

 
969,028

 
789,823

Diluted
30,307,099

 
29,825,914

 
30,317,585

 
29,784,083

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.49

 
$
0.50

 
$
1.12

 
$
0.95

Common share equivalents
(0.01
)
 
(0.01
)
 
(0.03
)
 
(0.03
)
Diluted
$
0.48

 
$
0.49

 
$
1.09

 
$
0.92



 
Common share equivalents relate to stock options and restricted share units (“RSU’s”). For the three and six months ended June 30, 2017, common share equivalents of 201,821 and 150,075 shares, respectively, were excluded from the calculations of diluted earnings per share as their effects were anti-dilutive. For the three and six months ended June 30, 2016, all common share equivalents were dilutive.