Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Reconciles Numerators and Denominators of Basic Earnings Per Share with Diluted Earnings Per Share

The following table reconciles the components of basic earnings per share with that of diluted earnings per share for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except shares and per share data)	2015		2014		2015		2014
Numerator for Earnings per Share—Basic:
Net income	$	18,635	$	14,660	$	49,658	$	43,414
Less: Income allocated to participating shares	81		51		204		115
Net Income Allocated to Shareholders	$	18,554	$	14,609	$	49,454	$	43,299
Numerator for Earnings per Share—Diluted:
Net income	18,635		14,660		$	49,658	$	43,414
Net Income Available to Shareholders	$	18,635	$	14,660	$	49,658	$	43,414
Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic	34,660,007		29,693,417		33,527,549		29,679,623
Add: Potentially dilutive shares	32,985		21,195		33,980		25,732
Denominator for Treasury Stock Method—Diluted	34,692,992		29,714,612		33,561,529		29,705,355
Weighted Average Shares Outstanding—Basic	34,660,007		29,693,417		33,527,549		29,679,623
Add: Average participating shares outstanding	151,972		102,980		138,441		78,835
Denominator for Two-Class Method—Diluted	34,811,979		29,796,397		33,665,990		29,758,458
Earnings per share—basic	$	0.54	$	0.49	$	1.48	$	1.46
Earnings per share—diluted	$	0.54	$	0.49	$	1.48	$	1.46
Warrants considered anti-dilutive excluded from potentially dilutive shares - exercise price $31.53 per share, expires January 2019	517,012		517,012		517,012		517,012
Stock options considered anti-dilutive excluded from potentially dilutive shares	155,500		427,362		155,500		428,233
Restricted stock considered anti-dilutive excluded from potentially dilutive shares	118,987		81,785		104,461		53,103