Quarterly report pursuant to Section 13 or 15(d)

Earnings/ (Loss) Per Share (Tables)

v3.8.0.1
Earnings/ (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings (Loss) Per Common Share

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

 

Three Months Ended

 

 

March 31,

 

 

2018

 

 

2017

 

Net income

$

27,640

 

 

$

24,299

 

Less portion allocated to nonvested shares

 

1,145

 

 

 

1,058

 

Net income allocated to common shares

$

26,495

 

 

$

23,241

 

Weighted average common shares outstanding

 

138,845

 

 

 

137,513

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per common share

$

0.19

 

 

$

0.17