Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table summarizes the computation of basic and diluted earnings per share (in thousands, except per share data):

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2016		2015		2016		2015
Earnings per common share—basic
Net income	$	34,105	$	12,818	$	72,495	$	48,637
Weighted-average common shares outstanding—basic	94,029		78,395		93,990		78,076
Basic earnings per common share	$	0.36	$	0.16	$	0.77	$	0.62
Earnings per common share—diluted
Net income	$	34,105	$	12,818	$	72,495	$	48,637
Interest on convertible debt	—		1,260		—		2,506
Net income including assumed conversions	$	34,105	$	14,078	$	72,495	$	51,143
Weighted-average common shares outstanding—basic	94,029		78,395		93,990		78,076
Convertible notes weighted-average shares outstanding	—		15,000		—		15,000
Options and restricted stock	1,864		1,518		1,668		1,330
Weighted-average common shares outstanding—diluted	95,893		94,913		95,658		94,406
Dilutive earnings per common share	$	0.36	$	0.15	$	0.76	$	0.54