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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Computation of Earnings Per Common Share



 

 

 

 

 

 



 

 

 

 

 

 



 

Three Months Ended



 

March 31,

(in thousands, except per share data)

 

2016

 

2015

Numerator:

 

 

 

 

 

 

Net income to common shareholders

 

$

3,839 

 

$

40,159 

Net income allocated to participating securities - basic and diluted

 

 

97 

 

 

935 

Net income allocated to common shareholders - basic and diluted

 

$

3,742 

 

$

39,224 

Denominator:

 

 

 

 

 

 

Weighted-average common shares - basic

 

$

77,501 

 

$

79,496 

Dilutive potential common shares

 

 

171 

 

 

165 

Weighted-average common shares - diluted

 

$

77,672 

 

$

79,661 

Earnings per common share:

 

 

 

 

 

 

Basic

 

$

0.05 

 

$

0.49 

Diluted

 

$

0.05 

 

$

0.49