Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

The following table sets forth the computation of basic and diluted earnings per share:


(Dollars in thousands,	Quarters Ended June 30,				Six Months Ended June 30,
except share and per share data)	2015		2014		2015		2014
Net income	$	11,117	$	33,208	$	17,911	$	42,031

Basic earnings per share:
Weighted average shares outstanding – basic		25,454,579		25,128,280		25,447,398		25,121,171

Net income per share	$	0.44	$	1.32	$	0.70	$	1.67

Diluted earnings per share:
Weighted average shares outstanding – diluted		25,680,997		25,312,938		25,659,869		25,301,783

Net income per share	$	0.43	$	1.31	$	0.70	$	1.66

A reconciliation of weighted average shares for basic earnings per share to weighted average shares for diluted earnings per share is as follows:


	Quarters Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Weighted average shares for basic earnings per share		25,454,579		25,128,280		25,447,398		25,121,171
Non-vested restricted stock		122,141		77,880		109,308		77,125
Options		104,277		106,778		103,163		103,487

Weighted average shares for diluted earnings per share		25,680,997		25,312,938		25,659,869		25,301,783