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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Common 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):

Years Ended December 31, 

2021

    

2020

    

2019

Net income

$

123,449

$

100,344

$

102,953

Shares:

Weighted average common shares outstanding

 

55,369,476

 

54,567,429

 

54,851,652

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

 

635,221

 

259,510

 

280,842

Dilutive effect of ESPP shares

4,108

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

56,008,805

54,826,939

55,132,494

Basic earnings per common share

$

2.23

$

1.84

$

1.88

Diluted earnings per common share

$

2.20

$

1.83

$

1.87

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

Years Ended December 31, 

2021

    

2020

    

2019

Anti-dilutive common stock equivalents

Options

39,085

RSU and DSU awards

72,800

159,408

201,029

PSU awards

93,026

7,862

Total anti-dilutive common stock equivalents

165,826

206,355

201,029