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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Computation of Basic and Diluted Earnings Per Share

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

 

     Three Months Ended
March 31,
 
     2018      2017  

Numerator:

     

Net income available to common shareholders

   $ 37,110      $ 27,949  
  

 

 

    

 

 

 

Denominator:

     

Basic weighted average shares outstanding

     29,427,578        29,363,210  

Effect of dilutive securities:

     

Stock appreciation rights and options

     97,028        100,585  

Restricted stock

     75,205        97,611  
  

 

 

    

 

 

 

Diluted weighted average shares outstanding

     29,599,811        29,561,406  
  

 

 

    

 

 

 

Basic earnings per share

   $ 1.26      $ 0.95  
  

 

 

    

 

 

 

Diluted earnings per share

   $ 1.25      $ 0.95  
  

 

 

    

 

 

 
Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

 

     Three Months Ended
March 31,
 
     2018      2017  

Stock appreciation rights

     5,433        8,170