Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.4.0.3
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share utilizing the two-class method.

 

     Three Months
Ended
     Three Months
Ended
 

(in thousands except per share data)

   Mar. 31, 2016      Mar. 31, 2015  

Numerator:

     

Net income attributable to common shareholders

   $ 28,339       $ 22,451   

Denominator:

     

Denominator for basic earnings per share – weighted average shares

     38,411         34,330   

Effect of Dilutive Securities:

     

Stock options and non-vested stock

     252         225   
  

 

 

    

 

 

 

Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion

     38,663         34,555   

Basic earnings per common share attributable to common shareholders

   $ 0.74       $ 0.65   

Diluted earnings per common share attributable to common shareholders

   $ 0.73       $ 0.65