Earnings per common share have been computed
based on the following:
| | |
Years Ended December 31, | |
| | |
2016 | | |
2015 | | |
2014 | |
| | |
(in thousands, except per share amounts) | |
| Net income available to common stockholders | |
$ | 31,060 | | |
$ | 41,199 | | |
$ | 18,565 | |
| Dividends paid on earnings allocated to participating securities | |
| (147) | | |
| (157) | | |
| (50) | |
| Income attributable to common stock | |
$ | 30,913 | | |
$ | 41,042 | | |
$ | 18,515 | |
| Weighted average common shares outstanding, including participating securities | |
| 30,453 | | |
| 29,989 | | |
| 23,050 | |
| Weighted average participating securities | |
| (54) | | |
| (51) | | |
| (20) | |
| Weighted average common shares outstanding | |
| 30,399 | | |
| 29,938 | | |
| 23,030 | |
| Incremental
shares from assumed conversions of options, performance units and restricted shares | |
| 291 | | |
| 346 | | |
| 449 | |
| Weighted average common and equivalent shares outstanding | |
| 30,690 | | |
| 30,284 | | |
| 23,479 | |
| Earnings per common share: | |
| | | |
| | | |
| | |
| Basic | |
$ | 1.02 | | |
$ | 1.37 | | |
$ | 0.80 | |
| Diluted | |
| 1.01 | | |
| 1.36 | | |
| 0.79 | |
|