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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings per Share  
Schedule of basic earnings per share

 

 

 

 

 

(in thousands, except for share or per share data)

    

March 31, 2016

 

Basic earnings per share:

 

 

 

 

Net income available for common stockholders

 

$

10,348

 

 

 

 

 

 

Less: Dividends and undistributed earnings allocated to participating securities

 

 

(221)

 

Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities

 

$

10,127

 

 

 

 

 

 

Weighted average shares of common stock outstanding:

 

 

 

 

Class A

 

 

38,210,209

 

 

 

 

 

 

Basic Earnings per share

 

$

0.27

 

 

Schedule of diluted earnings per share

 

 

 

 

 

(in thousands, except for share or per share data)

    

March 31, 2016

 

Diluted earnings per share:

 

 

 

 

Net income available for common stockholders, net of dividends and undistributed earnings allocated to participating securities

 

$

10,127

 

 

 

 

 

 

Weighted average shares of common stock outstanding:

 

 

 

 

Class A

 

 

 

 

Issued and outstanding

 

 

38,210,209

 

Issuable pursuant to 2015 Management Incentive Plan

 

 

279,280

 

 

 

 

38,489,489

 

 

 

 

 

 

Diluted Earnings per share

 

$

0.26