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Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Denominators and Additional Shares that are Excluded from the Calculation of EPS

The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2018 and 2017 (in thousands, except for earnings per share): 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2018

 

 

2017

 

Weighted-average shares:

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

35,486

 

 

 

40,669

 

RSAs

 

 

146

 

 

 

59

 

Total weighted-average shares

 

 

35,632

 

 

 

40,728

 

Earnings per common share—Basic

 

 

 

 

 

 

 

 

Net income

 

$

14,551

 

 

$

8,447

 

Less: Undistributed earnings allocated to RSAs

 

 

60

 

 

 

12

 

Net income available to common shareholders—Basic

 

$

14,491

 

 

$

8,435

 

 

 

 

 

 

 

 

 

 

Net income per common share—Basic

 

$

0.41

 

 

$

0.21

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 

35,486

 

 

 

40,669

 

Effect of diluted shares

 

 

963

 

 

 

839

 

Diluted weighted-average shares outstanding

 

 

36,449

 

 

 

41,508

 

 

 

 

 

 

 

 

 

 

Net income per common share—Diluted

 

$

0.40

 

 

$

0.20