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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The diluted EPS calculation includes potential common shares assumed issued under the treasury stock method, which reflects the potential dilution that would occur if any outstanding options or warrants were exercised or restricted stock becomes vested, and includes the “if converted” method for participating securities if the effect is dilutive.

 

 

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

 

 

(in thousands, except share and per share amounts)

 

Basic EPS:

 

 

 

 

 

 

 

 

Net income available to common shareholders - basic

 

$

13,524

 

 

$

24,257

 

Basic weighted average common shares

 

 

19,150,400

 

 

 

19,057,941

 

Basic earnings per common share

 

$

0.71

 

 

$

1.27

 

Diluted EPS:

 

 

 

 

 

 

 

 

Net income available to common shareholders - diluted

 

$

13,524

 

 

$

24,257

 

Diluted weighted average common shares:

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

19,150,400

 

 

 

19,057,941

 

Stock options and performance shares

 

 

79,725

 

 

 

105,848

 

Diluted weighted average common shares

 

 

19,230,125

 

 

 

19,163,789

 

Diluted earnings per common share

 

$

0.70

 

 

$

1.27