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Basis of Presentation (Tables)
9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

21,377

 

 

$

8,388

 

 

$

63,196

 

 

$

29,380

 

Dividends paid on and undistributed earnings allocated to

     participating securities

 

 

(114

)

 

 

 

 

 

(337

)

 

 

 

Earnings attributable to common shareholders

 

$

21,263

 

 

$

8,388

 

 

$

62,859

 

 

$

29,380

 

Weighted-average basic shares outstanding

 

 

30,692,668

 

 

 

30,004,952

 

 

 

30,661,852

 

 

 

26,649,942

 

Basic earnings per share

 

$

0.69

 

 

$

0.28

 

 

$

2.05

 

 

$

1.10

 

Diluted earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings attributable to common shareholders

 

$

21,263

 

 

$

8,388

 

 

$

62,859

 

 

$

29,380

 

Weighted-average basic shares outstanding

 

 

30,692,668

 

 

 

30,004,952

 

 

 

30,661,852

 

 

 

26,649,942

 

Weighted-average diluted shares contingently issuable

 

 

646,960

 

 

 

599,585

 

 

 

636,802

 

 

 

548,431

 

Weighted-average diluted shares outstanding

 

 

31,339,628

 

 

 

30,604,537

 

 

 

31,298,654

 

 

 

27,198,373

 

Diluted earnings per share

 

$

0.68

 

 

$

0.27

 

 

$

2.01

 

 

$

1.08