XML 36 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
16. EARNINGS PER SHARE
 
The following table presents the information used to compute basic and diluted earnings per common share for the periods indicated:
 
 
Three Months Ended
March 31,
(dollars in thousands, except per share data)
2017
 
2016
Net income
$
13,079

 
$
11,181

 
 
 
 
Weighted average shares outstanding - basic
30,714,895

 
31,263,433

Dilutive effect of employee stock options and awards
286,343

 
242,874

Weighted average shares outstanding - diluted
31,001,238

 
31,506,307

 
 
 
 
Basic earnings per common share
$
0.43

 
$
0.36

Diluted earnings per common share
$
0.42

 
$
0.35


 
A total of 539 potentially dilutive securities have been excluded from the dilutive share calculation for the three months ended March 31, 2017, as their effect was anti-dilutive, compared to 28,135 for the three months ended March 31, 2016.