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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share utilizing the two-class method.

 

(in thousands except per share data)

   Three Months
Ended
Jun. 30, 2015
     Three Months
Ended
Jun. 30, 2014
     Six Months
Ended
Jun. 30, 2015
     Six Months
Ended
Jun. 30, 2014
 

Numerator:

           

Net income attributable to common shareholders

   $ 28,532      $ 20,576      $ 50,983      $ 37,249  

Denominator:

           

Denominator for basic earnings per share – weighted average shares

     35,378         32,800        34,854         32,592  

Effect of Dilutive Securities:

           

Stock options and non-vested stock

     225         180        225         167  
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion

     35,603         32,980        35,079         32,759  

Basic earnings per common share attributable to common shareholders

   $ 0.81       $ 0.63       $ 1.46       $ 1.14   

Diluted earnings per common share attributable to common shareholders

   $ 0.80       $ 0.62       $ 1.45       $ 1.14