• Filing Date: 2017-02-22
  • Form Type: 10-K
  • Description: Annual report
v3.6.0.2
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Summary of Numerator and Denominator of Basic and Fully Diluted Earnings Per Common Share

A summary of the numerator and denominator of the basic and fully diluted earnings per common share is presented below:

 

     Income      Shares      Per Share  
     (Numerator)      (Denominator)      Amount  
Year Ended December 31, 2016         

Net income

   $ 29,021         

Less: Income attributable to participating securities

     (1,545      
  

 

 

       

Basic Earnings Per Share:

        

Income allocated to common stockholders

     27,476         9,326       $ 2.95   
        

 

 

 

Effect of Dilutive Securities:

        

Stock options

     —           54      

Convertible senior notes

     4,244         1,493      
  

 

 

    

 

 

    

Diluted Earnings Per Share:

        

Income available to common stockholders and assumed conversions

   $ 31,720         10,873       $ 2.92   
  

 

 

    

 

 

    

 

 

 
Year Ended December 31, 2015         

Net income

   $ 65,861         

Less: Income attributable to participating securities

     (3,398      
  

 

 

       

Basic Earnings Per Share:

        

Income allocated to common stockholders

     62,463         9,602       $ 6.51   
        

 

 

 

Effect of Dilutive Securities:

        

Stock options

     —           102      

Convertible senior notes

     4,505         1,651      
  

 

 

    

 

 

    

Diluted Earnings Per Share:

        

Income available to common stockholders and assumed conversions

   $ 66,968         11,355       $ 5.90   
  

 

 

    

 

 

    

 

 

 
Year Ended December 31, 2014         

Net income

   $ 62,664         

Less: Preferred stock dividends

     4         

Less: Income attributable to participating securities

     (4,318      
  

 

 

       

Basic Earnings Per Share:

        

Income allocated to common stockholders

     58,350         9,888       $ 5.90   
        

 

 

 

Effect of Dilutive Securities:

        

Stock options

     —           137      

Convertible preferred stock

     (4      20      

Convertible senior notes

     4,343         1,649      
  

 

 

    

 

 

    

Diluted Earnings Per Share:

        

Income available to common stockholders and assumed conversions

   $ 62,689         11,694       $ 5.36