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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2018
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,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

22,065

 

 

$

11,239

 

 

$

41,819

 

 

$

20,992

 

Dividends paid on and undistributed earnings allocated to

     participating securities

 

 

(117

)

 

 

 

 

 

(223

)

 

 

 

Earnings attributable to common shareholders

 

$

21,948

 

 

$

11,239

 

 

$

41,596

 

 

$

20,992

 

Weighted-average basic shares outstanding

 

 

30,678,732

 

 

 

25,741,968

 

 

 

30,646,189

 

 

 

24,944,633

 

Basic earnings per share

 

$

0.72

 

 

$

0.44

 

 

$

1.36

 

 

$

0.84

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings attributable to common shareholders

 

$

21,948

 

 

$

11,239

 

 

$

41,596

 

 

$

20,992

 

Weighted-average basic shares outstanding

 

 

30,678,732

 

 

 

25,741,968

 

 

 

30,646,189

 

 

 

24,944,633

 

Weighted-average diluted shares contingently issuable

 

 

615,312

 

 

 

559,490

 

 

 

629,657

 

 

 

505,786

 

Weighted-average diluted shares outstanding

 

 

31,294,044

 

 

 

26,301,458

 

 

 

31,275,846

 

 

 

25,450,419

 

Diluted earnings per share

 

$

0.70

 

 

$

0.43

 

 

$

1.33

 

 

$

0.82