Net Income Per Common Share

6 Months Ended

Jun. 30, 2020

(9)	NET INCOME PER COMMON SHARE

Basic and diluted net income per common share are calculated as follows:

	Income (Numerator)		Shares (Denominator)		Per Share Amount
	(Dollars in thousands, except per share data)
Three Months Ended June 30, 2020
Basic
Income available to common stockholders	$	20,730		32,651,262	$	0.64
Dilutive effect of stock options		—		424,231
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	20,730		33,075,493	$	0.63
Three Months Ended June 30, 2019
Basic
Income available to common stockholders	$	34,167		32,629,146	$	1.04
Dilutive effect of stock options		—		688,047
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	34,167		33,317,193	$	1.02
Six Months Ended June 30, 2020
Basic
Income available to common stockholders	$	43,338		32,665,425	$	1.33
Dilutive effect of stock options		—		531,966
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	43,338		33,197,391	$	1.31
Six Months Ended June 30, 2019
Basic
Income available to common stockholders	$	66,004		32,620,819	$	2.02
Dilutive effect of stock options		—		685,610
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	66,004		33,306,429	$	1.98

The following table shows the number and average exercise price 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 June 30, 2020		448,016
Three Months Ended June 30, 2019		158,500
Six Months Ended June 30, 2020		424,939
Six Months Ended June 30, 2019		169,301