Quarterly report pursuant to Section 13 or 15(d)

Earnings/ (Loss) Per Share (Tables)

v3.10.0.1
Earnings/ (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 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

 

 

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