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Earnings Per Share Reconciliation (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Common Share Reconciliation

The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.

 

     For the Three Months
Ended March 31,
 
     2016      2015  
     (In thousands, except per share amounts)  

Earnings per common share:

     

Net earnings

     $ 23,391           $ 15,833     

Less: Net earnings allocated to restricted stock

     104           81     
  

 

 

    

 

 

 

Net earnings allocated to common shareholders

     $ 23,287           $ 15,752     
  

 

 

    

 

 

 

Weighted average shares outstanding

     106,392           105,523     

Basic earnings per common share

     $ 0.22           $ 0.15     
  

 

 

    

 

 

 

 

Diluted earnings per common share:

     

Net income allocated to common shareholders

     $ 23,287           $ 15,752     
  

 

 

    

 

 

 

Weighted average shares outstanding

     106,392           105,523     

Incremental shares from assumed exercise of outstanding options

     392           436     
  

 

 

    

 

 

 

Diluted weighted average shares outstanding

     106,784           105,959     

Diluted earnings per common share

     $ 0.22           $ 0.15