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Earnings Per Share | 12 Months Ended
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Dec. 31, 2019
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Diluted earnings per share is calculated using both the two-class and the treasury stock methods with the more dilutive method used to determine reported diluted earnings per share. The two-class method was more dilutive in 2019, 2018 and 2017 and was used to determine reported diluted earnings per share. The following table reconciles the numerators and denominators of basic and diluted EPS:
| Years ended December 31,
(dollars in thousands, except share and per share data) | 2019 |  | 2018 |  | 2017
Numerator for Earnings per Common Share—Basic: |  |  |  |  |
Net income | $ | 98,234 |  |  | $ | 105,334 |  |  | $ | 72,968 |
Less: Income allocated to participating shares | 260 |  |  | 304 |  |  | 242 |
Net Income Allocated to Common Shareholders | $ | 97,974 |  |  | $ | 105,030 |  |  | $ | 72,726 |
Numerator for Earnings per Common Share—Diluted: |  |  |  |  |
Net income | $ | 98,234 |  |  | $ | 105,334 |  |  | $ | 72,968 |
Denominators: |  |  |  |  |
Weighted Average Common Shares Outstanding—Basic | 34,628,191 |  |  | 34,775,784 |  |  | 34,729,376 |
Add: Dilutive potential common shares | 94,763 |  |  | 199,625 |  |  | 225,391 |
Denominator for Treasury Stock Method—Diluted | 34,722,954 |  |  | 34,975,409 |  |  | 34,954,767 |
Weighted Average Common Shares Outstanding—Basic | 34,628,191 |  |  | 34,775,784 |  |  | 34,729,376 |
Add: Average participating shares outstanding | 51,287 |  |  | 100,733 |  |  | 115,418 |
Denominator for Two-Class Method—Diluted | 34,679,478 |  |  | 34,876,517 |  |  | 34,844,794 |
Earnings per common share—basic | $ | 2.84 |  |  | $ | 3.03 |  |  | $ | 2.10 |
Earnings per common share—diluted | $ | 2.82 |  |  | $ | 3.01 |  |  | $ | 2.09 |
Warrants considered anti-dilutive excluded from dilutive potential common shares - exercise price $31.53 per share, expires January 2019(1) | — |  |  | 267,106 |  |  | 438,681 |
Restricted stock considered anti-dilutive excluded from dilutive potential common shares | 12,686 |  |  | 81,587 |  |  | 88,578 |
(1)We repurchased our outstanding warrant on September 11, 2018 for $7.7 million. Prior to the repurchase, the warrant provided the holder the right to 517,012 shares of common stock at a strike price of $31.53 per share via cashless exercise.

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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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