XML 34 R18.htm IDEA: XBRL DOCUMENT
v3.19.3

Stockholders' Equity | 9 Months Ended
--- | ---
Sep. 30, 2019
Equity [Abstract] |
Stockholders' Equity |
12. | STOCKHOLDERS’ EQUITY
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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 41,976 |  |  | $ | 29,471 |  |  | $ | 109,241 |  |  | $ | 109,401 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average shares outstanding |  |  | 58,401,183 |  |  |  | 58,741,973 |  |  |  | 58,476,430 |  |  |  | 58,785,546 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock appreciation rights and options |  |  | 115,175 |  |  |  | 177,412 |  |  |  | 133,030 |  |  |  | 181,680 |
Restricted stock |  |  | 89,368 |  |  |  | 164,732 |  |  |  | 97,500 |  |  |  | 144,077 |
Diluted weighted average shares outstanding |  |  | 58,605,726 |  |  |  | 59,084,117 |  |  |  | 58,706,960 |  |  |  | 59,111,303 |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Basic earnings per share |  | $ | 0.72 |  |  | $ | 0.50 |  |  | $ | 1.87 |  |  | $ | 1.86 |
Diluted earnings per share |  | $ | 0.72 |  |  | $ | 0.50 |  |  | $ | 1.86 |  |  | $ | 1.85 |
Diluted earnings per share is computed using the weighted average number of shares determined for the basic earnings per share computation plus the dilutive effect of common stock equivalents using the treasury stock method. The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Stock appreciation rights |  |  | 23,422 |  |  |  | — |  |  |  | 20,257 |  |  |  | 10,709 |
Performance-based restricted stock units |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 285 |
Stock Repurchase Program On February 16, 2018, the Board of Directors adopted a stock repurchase program of up to 5.8 million shares of the Company’s outstanding common stock (Stock Repurchase Program). As of September 30, 2019, the Company had repurchased 834,441 shares of the Company’s outstanding common stock under the Stock Repurchase Program.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration