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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Computation of Earnings Per Common Share



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three months ended

 

Six months ended



 

June 30,

 

June 30,

(in thousands, except per share data)

 

2017

 

2016

 

2017

 

2016

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income to common shareholders

 

$

52,267 

 

$

46,907 

 

$

101,281 

 

$

50,746 

Net income allocated to participating securities - basic and diluted

 

 

1,166 

 

 

1,136 

 

 

2,322 

 

 

1,233 

Net income allocated to common shareholders - basic and diluted

 

$

51,101 

 

$

45,771 

 

$

98,959 

 

$

49,513 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares - basic

 

$

84,614 

 

$

77,523 

 

$

84,489 

 

$

77,512 

Dilutive potential common shares

 

 

253 

 

 

157 

 

 

266 

 

 

164 

Weighted-average common shares - diluted

 

$

84,867 

 

$

77,680 

 

$

84,755 

 

$

77,676 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.60 

 

$

0.59 

 

$

1.17 

 

$

0.64 

Diluted

 

$

0.60 

 

$

0.59 

 

$

1.17 

 

$

0.64