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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Common Share  
Schedule of computation of earnings per common share

 

Earnings per common share have been computed as follows (in thousands, except per share data):

 

 

 

Three Months Ended
March 31,

 

 

 

2017

 

2016

 

 

 

 

 

 

 

Net income

 

$
15,170

 

$
10,434

 

 

 

 

 

 

 

 

 

Shares:

 

 

 

 

 

Weighted average common shares outstanding

 
38,293

 
28,739

 

 

 

 

 

 

 

Dilutive effect of outstanding options, warrants and restricted stock units as determined by the application of the treasury stock method

 
461

 
190

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation

 
38,754

 
28,929

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$
0.40

 

$
0.36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$
0.39

 

$
0.36