Years Ended December 31,

2020

2019

2018

Net income

$

100,344

$

102,953

$

98,928

Shares:

Weighted average common shares outstanding

54,567,429

54,851,652

48,854,330

Dilutive effect of outstanding options, warrants, and restricted stock units as determined by the application of the treasury stock method

259,510

280,842

361,125

Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation

54,826,939

55,132,494

49,215,455

Basic earnings per common share

$

1.84

$

1.88

$

2.02

Diluted earnings per common share

$

1.83

$

1.87

$

2.01

Common stock equivalents excluded from the earning per common share calculations because their effect would have been anti-dilutive

206,355

201,029

363,849