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Net Income Per Common Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Net Income Per Common Share

(8)

NET INCOME PER COMMON SHARE

Basic and diluted net income per common share based on weighted-average shares outstanding are calculated as follows:

 

 

 

Income

(Numerator)

 

 

Shares

(Denominator)

 

 

Per Share

Amount

 

 

 

(Dollars in thousands, except per share data)

 

Three Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

30,586

 

 

 

32,716,350

 

 

$

0.93

 

Dilutive effect of stock options

 

 

 

 

 

742,207

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed

   exercises of stock options

 

$

30,586

 

 

 

33,458,557

 

 

$

0.91

 

Three Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

23,182

 

 

 

31,807,610

 

 

$

0.73

 

Dilutive effect of stock options

 

 

 

 

 

715,766

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed

   exercises of stock options

 

$

23,182

 

 

 

32,523,376

 

 

$

0.71

 

Six Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

60,206

 

 

 

32,645,693

 

 

$

1.84

 

Dilutive effect of stock options

 

 

 

 

 

744,269

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed

   exercises of stock options

 

$

60,206

 

 

 

33,389,962

 

 

$

1.80

 

Six Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

45,232

 

 

 

31,768,828

 

 

$

1.43

 

Dilutive effect of stock options

 

 

 

 

 

731,162

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed

   exercises of stock options

 

$

45,232

 

 

 

32,499,990

 

 

$

1.39

 

The following table shows the number of options that were excluded from the computation of diluted net income per common share for each period because the options’ exercise prices were greater than the average market price of the common shares:

 

 

 

Shares

 

Three Months Ended June 30, 2018

 

 

85,802

 

Three Months Ended June 30, 2017

 

 

39,010

 

Six Months Ended June 30, 2018

 

 

117,696

 

Six Months Ended June 30, 2017

 

 

19,614