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Earnings Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
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