Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

The following table reconciles the numerators and denominators of basic and diluted earnings per share for the periods presented:



	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands, except share and per share data)	2018			2017			2018			2017
Numerator for Earnings per Share—Basic:
Net income		$	21,436		$	22,765		$	47,599		$	40,953
Less: Income allocated to participating shares		62			81			141			141
Net Income Allocated to Shareholders		$	21,374		$	22,684		$	47,458		$	40,812

Numerator for Earnings per Share—Diluted:
Net income		$	21,436		$	22,765		$	47,599		$	40,953
Net Income Available to Shareholders		$	21,436		$	22,765		$	47,599		$	40,953

Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic		34,793,160			34,724,925			34,775,043			34,707,683
Add: Potentially dilutive shares		264,416			181,571			267,998			199,693
Denominator for Treasury Stock Method—Diluted		35,057,576			34,906,496			35,043,041			34,907,376

Weighted Average Shares Outstanding—Basic		34,793,160			34,724,925			34,775,043			34,707,683
Add: Average participating shares outstanding		100,212			123,729			103,449			119,585
Denominator for Two-Class Method—Diluted		34,893,372			34,848,654			34,878,492			34,827,268

Earnings per share—basic		$	0.62		$	0.66		$	1.37		$	1.18
Earnings per share—diluted		$	0.61		$	0.65		$	1.36		$	1.17
Warrants considered anti-dilutive excluded from potentially dilutive shares - exercise price $31.53 per share, expires January 2019		374,314			466,554			386,747			456,749
Restricted stock considered anti-dilutive excluded from potentially dilutive shares		89,974			126,332			76,325			105,187