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Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 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:

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

40,591

 

 

$

47,856

 

 

$

32,462

 

Weighted-average basic shares outstanding

 

 

19,165,182

 

 

 

17,180,000

 

 

 

17,180,000

 

   Basic earnings per share

 

$

2.12

 

 

$

2.79

 

 

$

1.89

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

40,591

 

 

$

47,856

 

 

$

32,462

 

Weighted-average basic shares outstanding

 

 

19,165,182

 

 

 

17,180,000

 

 

 

17,180,000

 

Average diluted common shares outstanding

 

 

146,992

 

 

 

 

 

 

 

Weighted-average diluted shares outstanding

 

 

19,312,174

 

 

 

17,180,000

 

 

 

17,180,000

 

   Diluted earnings per share

 

$

2.10

 

 

$

2.79

 

 

$

1.89

 

Unaudited pro forma earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Pro forma net income

 

$

39,422

 

 

$

32,995

 

 

$

22,356

 

Weighted-average basic shares outstanding

 

 

19,165,182

 

 

 

17,180,000

 

 

 

17,180,000

 

    Pro forma basic earnings per share

 

$

2.06

 

 

$

1.92

 

 

$

1.30

 

Unaudited pro forma diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Pro forma net income

 

$

39,422

 

 

$

32,995

 

 

$

22,356

 

Weighted-average diluted shares outstanding

 

 

19,312,174

 

 

 

17,180,000

 

 

 

17,180,000

 

    Pro forma diluted earnings per share

 

$

2.04

 

 

$

1.92

 

 

$

1.30