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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share  
Schedule of computation of earnings per common share

Earnings per common share have been computed as follows (dollars in thousands, except per share amounts):

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2021

    

2020

    

2021

    

2020

Net income

$

29,766

$

25,806

$

67,582

$

41,170

Shares:

Weighted average common shares outstanding

 

55,050,071

 

54,489,403

 

54,762,563

 

54,575,595

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

 

680,812

 

215,870

 

622,379

 

231,575

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

 

55,730,883

 

54,705,273

 

55,384,942

 

54,807,170

Basic earnings per common share

$

0.54

$

0.47

$

1.23

$

0.75

Diluted earnings per common share

$

0.53

$

0.47

$

1.22

$

0.75

Schedule of shares excluded from computation of diluted earnings per common share

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2021

    

2020

    

2021

    

2020

Anti-dilutive common stock equivalents

Options

39,525

39,525

RSU and DSU awards

367,468

121,698

367,121

PSU awards

86,080

100,482

Total anti-dilutive common stock equivalents

86,080

406,993

222,180

406,646