EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2020

14. 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 September 30,				Nine Months Ended September 30,
(dollars in thousands, except per share data)	2020		2019		2020		2019
Net income	$	6,859	$	14,554	$	25,102	$	44,125

Weighted average common shares outstanding - basic	28,060,020		28,424,898		28,075,684		28,575,369
Dilutive effect of employee stock options and awards	51,644		177,440		96,469		186,688
Weighted average common shares outstanding - diluted	28,111,664		28,602,338		28,172,153		28,762,057

Basic earnings per common share	$	0.24	$	0.51	$	0.89	$	1.54
Diluted earnings per common share	$	0.24	$	0.51	$	0.89	$	1.53

Anti-dilutive employee stock options and awards outstanding	—		—		—		—