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Earnings Per Share | 12 Months Ended
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Dec. 31, 2019
Earnings Per Share |
Earnings Per Share | Note 19. Earnings Per Share ​ Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding, which include deferred stock units that are vested but not delivered. ​ Diluted earnings per common share is computed using the treasury stock method and reflects the potential dilution that could occur if the Company’s outstanding stock options and warrants were exercised and restricted stock units were vested. At December 31, 2019, 191,278 warrants and 201,029 restricted stock units were anti-dilutive and excluded from the calculation of common stock equivalents. At December 31, 2018, 191,278 warrants and 172,571 restricted stock units were anti-dilutive and excluded from the calculation of common stock equivalents. ​ Earnings per common share have been computed as follows (dollars in thousands, except per share data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended December 31,
​ | ​ | 2019 |  | 2018 |  | 2017
Net income | ​ | $ | 102,953 | ​ | $ | 98,928 | ​ | $ | 62,726
Shares: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding | ​ |  | 54,852 | ​ |  | 48,854 | ​ |  | 42,685
Dilutive effect of outstanding options, warrants and restricted stock units as determined by the application of the treasury stock method | ​ |  | 280 | ​ |  | 361 | ​ |  | 441
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation | ​ |  | 55,132 | ​ |  | 49,215 | ​ |  | 43,126
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per common share | ​ | $ | 1.88 | ​ | $ | 2.02 | ​ | $ | 1.47
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted earnings per common share | ​ | $ | 1.87 | ​ | $ | 2.01 | ​ | $ | 1.45
​

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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