Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table shows the calculation of both basic and diluted earnings per common share for the three months ended March 31, 2015 and 2014.

	Three Months Ended March 31,
	2015		2014
	(in thousands, except for share data)
Net income	$	30,341	$	33,835
Basic weighted average number of common shares outstanding	232,338,775		200,128,384
Plus: Common stock equivalents	3,146		—
Diluted weighted average number of common shares outstanding	232,341,921		200,128,384
Earnings per common share:
Basic	$	0.13	$	0.17
Diluted	0.13		0.17