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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Numerator for EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

33,647

 

 

$

24,704

 

 

$

58,873

 

 

$

47,034

 

Less: Preferred stock dividends

 

(3

)

 

 

(3

)

 

 

(5

)

 

 

(5

)

Income available to common stockholders

$

33,644

 

 

$

24,701

 

 

$

58,868

 

 

$

47,029

 

Denominator for EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

35,062

 

 

 

35,019

 

 

 

34,795

 

 

 

34,800

 

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

 

562

 

 

 

951

 

 

 

755

 

 

 

1,153

 

         Assumed conversion of preferred stock

 

25

 

 

 

32

 

 

 

25

 

 

 

34

 

Weighted average diluted common shares outstanding

 

35,649

 

 

 

36,002

 

 

 

35,575

 

 

 

35,987

 

Basic earnings per common share

$

0.96

 

 

$

0.71

 

 

$

1.69

 

 

$

1.35

 

Diluted earnings per common share

$

0.94

 

 

$

0.69

 

 

$

1.65

 

 

$

1.31

 

 

(1)

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