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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Reconciles Numerators and Denominators of Basic Earnings Per Share with Diluted Earnings Per Share
The following table reconciles the numerators and denominators of basic and diluted earnings per share for the periods presented:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands, except shares and per share data)
2017
 
2016
 
2017
 
2016
Numerator for Earnings per Share—Basic:

 

 

 

Net income
$
22,765

 
$
17,059

 
$
40,953

 
$
33,152

Less: Income allocated to participating shares
81

 
60

 
141

 
101

Net Income Allocated to Shareholders
$
22,684

 
$
16,999

 
$
40,812

 
$
33,051

 
 
 
 
 
 
 
 
Numerator for Earnings per Share—Diluted:

 

 

 

Net income
$
22,765

 
$
17,059

 
$
40,953

 
$
33,152

Net Income Available to Shareholders
$
22,765

 
$
17,059

 
$
40,953

 
$
33,152

 
 
 
 
 
 
 
 
Denominators for Earnings per Share:

 

 

 

Weighted Average Shares Outstanding—Basic
34,724,925

 
34,674,712

 
34,707,683

 
34,666,773

Add: Potentially dilutive shares
181,571

 
89,853

 
199,693

 
80,890

Denominator for Treasury Stock Method—Diluted
34,906,496

 
34,764,565

 
34,907,376

 
34,747,663

 
 
 
 
 
 
 
 
Weighted Average Shares Outstanding—Basic
34,724,925

 
34,674,712

 
34,707,683

 
34,666,773

Add: Average participating shares outstanding
123,729

 
122,160

 
119,585

 
105,794

Denominator for Two-Class Method—Diluted
34,848,654

 
34,796,872

 
34,827,268

 
34,772,567

 
 
 
 
 
 
 
 
Earnings per share—basic
$
0.66

 
$
0.49

 
$
1.18

 
$
0.96

Earnings per share—diluted
$
0.65

 
$
0.49

 
$
1.17

 
$
0.95

Warrants considered anti-dilutive excluded from potentially dilutive shares - exercise price $31.53 per share, expires January 2019
466,554

 
517,012

 
456,749

 
517,012

Restricted stock considered anti-dilutive excluded from potentially dilutive shares
126,332

 
144,998

 
105,187

 
117,796