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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Basic and Diluted 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, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

48,192

 

 

 

32,779,227

 

 

$

1.47

 

Dilutive effect of stock options

 

 

 

 

 

626,696

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed

   exercises of stock options

 

$

48,192

 

 

 

33,405,923

 

 

$

1.45

 

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

 

Six Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

90,712

 

 

 

32,768,102

 

 

$

2.77

 

Dilutive effect of stock options

 

 

 

 

 

639,591

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed

   exercises of stock options

 

$

90,712

 

 

 

33,407,693

 

 

$

2.72

 

Six Months Ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

43,338

 

 

 

32,665,425

 

 

$

1.33

 

Dilutive effect of stock options

 

 

 

 

 

531,996

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders plus assumed

   exercises of stock options

 

$

43,338

 

 

 

33,197,421

 

 

$

1.31

 

Average Exercise Price of Options Excluded from Computation of Diluted Net Income Per Common Share

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, 2021

 

 

43,093

 

Three Months Ended June 30, 2020

 

 

448,016

 

Six Months Ended June 30, 2021

 

 

108,055

 

Six Months Ended June 30, 2020

 

 

424,939