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Earnings Per Share Reconciliation (Tables)
3 Months Ended
Mar. 31, 2017
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,
                                        
     2017    2016   
     (In thousands, except per share amounts)   

Earnings per common share:

        

Net earnings

     $ 28,504        $ 23,391     

Less: Net earnings allocated to restricted stock

     112        104     
  

 

 

 

  

 

 

 

  

Net earnings allocated to common shareholders

     $ 28,392        $ 23,287     
  

 

 

 

  

 

 

 

  

Weighted average shares outstanding

     108,339        106,392     

Basic earnings per common share

     $ 0.26        $ 0.22     
  

 

 

 

  

 

 

 

  

Diluted earnings per common share:

        

Net income allocated to common shareholders

     $ 28,392        $ 23,287     
  

 

 

 

  

 

 

 

  

Weighted average shares outstanding

     108,339        106,392     

Incremental shares from assumed exercise of outstanding options

     467        392     
  

 

 

 

  

 

 

 

  

Diluted weighted average shares outstanding

     108,806        106,784     

Diluted earnings per common share

     $ 0.26        $ 0.22