Net Income Per Common Share

3 Months Ended

Mar. 31, 2019

(9)	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 March 31, 2019
Basic
Income available to common stockholders	$	31,837		32,612,399	$	0.98
Dilutive effect of stock options		—		680,453
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	31,837		33,292,852	$	0.96
Three Months Ended March 31, 2018
Basic
Income available to common stockholders	$	29,620		32,574,251	$	0.91
Dilutive effect of stock options		—		743,493
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	29,620		33,317,744	$	0.89

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 were anti-dilutive for the period:

	Shares
Three Months Ended March 31, 2019		180,000
Three Months Ended March 31, 2018		113,278