v2.4.1.9
Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2015
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 three months ended March 31, 2015 and 2014:
 
 
Three Months Ended
 
 
March 31,
 
 
2015
 
2014
 
 
(in thousands except per share)
Basic EPS:
 
 
 
 
Net income
 
$
24,361

 
$
19,844

Less: Earnings allocated to participating securities
 
 
 
 
Preferred shares
 
43

 
40

Nonvested restricted shares
 
225

 
169

Earnings allocated to common shareholders
 
$
24,093

 
$
19,635

Weighted average common shares outstanding
 
56,965

 
51,097

Basic earnings per common share
 
$
0.42

 
$
0.38

Diluted EPS:
 
 
 
 
Earnings allocated to common shareholders (1)
 
$
24,093

 
$
19,639

Weighted average common shares outstanding
 
56,965

 
51,097

Dilutive effect of equity awards
 
13

 
1,336

Weighted average diluted common shares outstanding
 
56,978

 
52,433

Diluted earnings per common share
 
$
0.42

 
$
0.37

Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive
 
53

 
83


__________
(1)
Earnings allocated to common shareholders for basic and diluted EPS may differ under the two-class method as a result of adding common stock equivalents for options and warrants to dilutive shares outstanding, which alters the ratio used to allocate earnings to common shareholders and participating securities for the purposes of calculating diluted EPS.