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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2016
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):

 

 

Three Months Ended

 

 

March 31,

 

 

2016

 

 

2015

 

Numerator for EPS:

 

 

 

 

 

 

 

Net income

$

25,226

 

 

$

22,330

 

Less: Preferred stock dividends

 

(3

)

 

 

(2

)

Income available to common stockholders

$

25,223

 

 

$

22,328

 

Denominator for EPS:

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

34,527

 

 

 

34,578

 

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

 

1,042

 

 

 

1,468

 

         Assumed conversion of preferred stock

 

25

 

 

 

35

 

Weighted average diluted common shares outstanding

 

35,594

 

 

 

36,081

 

Basic earnings per common share

$

0.73

 

 

$

0.65

 

Diluted earnings per common share

$

0.71

 

 

$

0.62

 

 

(1)

Represents the dilutive effect of unvested restricted stock and unexercised stock options.