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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2017
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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

11,239

 

 

$

15,775

 

 

$

20,992

 

 

$

30,374

 

Weighted-average basic shares outstanding

 

 

25,741,968

 

 

 

17,180,000

 

 

 

24,944,633

 

 

 

17,180,000

 

Basic earnings per share

 

$

0.44

 

 

$

0.92

 

 

$

0.84

 

 

$

1.77

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

11,239

 

 

$

15,775

 

 

$

20,992

 

 

$

30,374

 

Weighted-average basic shares outstanding

 

 

25,741,968

 

 

 

17,180,000

 

 

 

24,944,633

 

 

 

17,180,000

 

Average diluted common shares outstanding

 

 

559,490

 

 

 

 

 

 

505,786

 

 

 

 

Weighted-average diluted shares outstanding

 

 

26,301,458

 

 

 

17,180,000

 

 

 

25,450,419

 

 

 

17,180,000

 

Diluted earnings per share

 

$

0.43

 

 

$

0.92

 

 

$

0.82

 

 

$

1.77

 

Pro forma earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pro forma net income

 

$

11,239

 

 

$

10,576

 

 

$

20,992

 

 

$

20,379

 

Weighted-average basic shares outstanding

 

 

25,741,968

 

 

 

17,180,000

 

 

 

24,944,633

 

 

 

17,180,000

 

Pro forma basic earnings per share

 

$

0.44

 

 

$

0.62

 

 

$

0.84

 

 

$

1.19

 

Pro forma diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pro forma net income

 

$

11,239

 

 

$

10,576

 

 

$

20,992

 

 

$

20,379

 

Weighted-average diluted shares outstanding

 

 

26,301,458

 

 

 

17,180,000

 

 

 

25,450,419

 

 

 

17,180,000

 

Pro forma diluted earnings per share

 

$

0.43

 

 

$

0.62

 

 

$

0.82

 

 

$

1.19