v2.4.0.8
Earnings Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the periods indicated:
 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
 
 
(in thousands except per share)
Basic EPS:
 
 
 
 
 
 
Net income
 
$
60,016

 
$
46,143

 
$
48,037

Less: Earnings allocated to participating securities
 
 
 
 
 
 
Preferred shares
 
95

 
—

 
—

Nonvested restricted shares
 
523

 
443

 
450

Earnings allocated to common shareholders
 
$
59,398

 
$
45,700

 
$
47,587

Weighted average common shares outstanding
 
47,993

 
39,260

 
39,103

Basic earnings per common share
 
$
1.24

 
$
1.16

 
$
1.22

Diluted EPS:
 
 
 
 
 
 
Earnings allocated to common shareholders (1)
 
$
59,407

 
$
45,700

 
$
47,588

Weighted average common shares outstanding
 
47,993

 
39,260

 
39,103

Dilutive effect of equity awards and warrants
 
1,058

 
3

 
77

Weighted average diluted common shares outstanding
 
49,051

 
39,263

 
39,180

Diluted earnings per common share
 
$
1.21

 
$
1.16

 
$
1.21

Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive
 
64

 
9

 
53