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Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Summary of Basic and Diluted Earnings Per Common Share

The following is a summary of the basic and diluted earnings per common share calculation for each of the periods presented:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,207

 

 

$

15,905

 

 

$

31,581

 

 

$

38,665

 

Weighted-average basic shares outstanding

 

 

18,259,128

 

 

 

17,180,000

 

 

 

17,542,335

 

 

 

17,180,000

 

   Basic earnings per share

 

$

0.07

 

 

$

0.93

 

 

$

1.80

 

 

$

2.25

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,207

 

 

$

15,905

 

 

$

31,581

 

 

$

38,665

 

Weighted-average basic shares outstanding

 

 

18,259,128

 

 

 

17,180,000

 

 

 

17,542,335

 

 

 

17,180,000

 

Average diluted common shares outstanding

 

 

73,064

 

 

 

 

 

 

24,532

 

 

 

 

Weighted-average diluted shares outstanding

 

 

18,332,192

 

 

 

17,180,000

 

 

 

17,566,867

 

 

 

17,180,000

 

   Diluted earnings per share

 

$

0.07

 

 

$

0.93

 

 

$

1.80

 

 

$

2.25

 

Pro forma earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pro forma net income

 

$

10,033

 

 

$

11,583

 

 

$

30,412

 

 

$

27,029

 

Weighted-average basic shares outstanding

 

 

18,259,128

 

 

 

17,180,000

 

 

 

17,542,335

 

 

 

17,180,000

 

    Pro forma basic earnings per share

 

$

0.55

 

 

$

0.67

 

 

$

1.73

 

 

$

1.57

 

Pro forma diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pro forma net income

 

$

10,033

 

 

$

11,583

 

 

$

30,412

 

 

$

27,029

 

Weighted-average diluted shares outstanding

 

 

18,332,192

 

 

 

17,180,000

 

 

 

17,566,867

 

 

 

17,180,000

 

    Pro forma diluted earnings per share

 

$

0.55

 

 

$

0.67

 

 

$

1.73

 

 

$

1.57