Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

For the three month periods ended March 31, 2018 and 2017, options to purchase 274,000 shares and 84,000 shares, respectively, were antidilutive and accordingly were excluded in determining diluted earnings per share.

 

	Three Months Ended
	March 31,
	2018		2017
	(In thousands, except per share data)
Basic earnings per share
Net income	$	18,027	$	7,926
Average common stock outstanding		46,951,829		38,839,284
Net income per share	$	0.38	$	0.20
Diluted earnings per share
Net income	$	18,027	$	7,926
Average common stock outstanding		46,951,829		38,839,284
Add: Dilutive effect of employee restricted stock and stock options		736,559		659,551
Average diluted stock outstanding		47,688,388		39,498,835
Net income per share	$	0.38	$	0.20