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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Reconciles Numerator and Denominator of Basic and Diluted Earnings Per Share Computations

The following table reconciles the numerator (i.e., income) and denominator (i.e., shares) of the basic and diluted earnings per share computations for the periods presented (in thousands, except per share data):

 

 

 

Year Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

Numerator for EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

72,988

 

 

$

58,977

 

 

$

30,312

 

Less: Preferred stock dividends

 

 

(13

)

 

 

(29

)

 

 

(287

)

Income available to common stockholders

 

$

72,975

 

 

$

58,948

 

 

$

30,025

 

Denominator for EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

33,569

 

 

 

35,866

 

 

 

39,614

 

Plus: Assumed conversion of share-based compensation (1)

 

 

1,535

 

 

 

1,531

 

 

 

513

 

  Assumed conversion of preferred stock

 

 

46

 

 

 

379

 

 

 

489

 

Weighted average diluted common shares outstanding

 

 

35,150

 

 

 

37,776

 

 

 

40,616

 

Basic earnings per common share

 

$

2.17

 

 

$

1.64

 

 

$

0.76

 

Diluted earnings per common share

 

$

2.08

 

 

$

1.56

 

 

$

0.75

 

Weighted average number of antidilutive shares

 

 

64

 

 

 

518

 

 

 

818

 

 

(1)

Represents the dilutive effect of unvested Restricted Stock and unexercised Stock Options.