Quarterly report pursuant to Section 13 or 15(d)

Earnings/ (Loss) Per Share

v3.10.0.1
Earnings/ (Loss) Per Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings/ (Loss) Per Share

10.  Earnings Per Share

The following table presents the calculation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net income

$

36,083

 

 

$

33,315

 

 

$

63,723

 

 

$

57,614

 

Less portion allocated to nonvested shares

 

1,474

 

 

 

1,374

 

 

 

2,621

 

 

 

2,442

 

Net income allocated to common shares

$

34,609

 

 

$

31,941

 

 

$

61,102

 

 

$

55,172

 

 

Weighted average common shares outstanding

 

138,929

 

 

 

137,552

 

 

 

138,892

 

 

 

137,533

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per common share

$

0.25

 

 

$

0.23

 

 

$

0.44

 

 

$

0.40