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Net Income Per Common Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Basic and Diluted Net Income Per Common Share Based on Weighted-average Shares Outstanding

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 September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

33,368

 

 

 

32,641,902

 

 

$

1.02

 

Dilutive effect of stock options

 

 

 

 

 

685,311

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed exercises of stock options

 

$

33,368

 

 

 

33,327,213

 

 

$

1.00

 

Three Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

32,883

 

 

 

32,742,480

 

 

$

1.01

 

Dilutive effect of stock options

 

 

 

 

 

761,663

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed exercises of stock options

 

$

32,883

 

 

 

33,504,143

 

 

$

0.98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

99,372

 

 

 

32,627,924

 

 

$

3.04

 

Dilutive effect of stock options

 

 

 

 

 

686,374

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed exercises of stock options

 

$

99,372

 

 

 

33,314,298

 

 

$

2.98

 

Nine Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

93,089

 

 

 

32,678,310

 

 

$

2.85

 

Dilutive effect of stock options

 

 

 

 

 

752,451

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed exercises of stock options

 

$

93,089

 

 

 

33,430,761

 

 

$

2.78

 

Options Excluded From Computation of Diluted Net Income Per Common Share

 

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 September 30, 2019

 

 

164,696

 

Three Months Ended September 30, 2018

 

 

83,799

 

Nine Months Ended September 30, 2019

 

 

174,489

 

Nine Months Ended September 30, 2018

 

 

84,368