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Net Income per Common Share

6 Months Ended

Jun. 30, 2018

Earnings Per Common Share

Net Income per Common Share

Note 9. Net Income per Common Share

The calculation of net income per common share for the three months ended June 30, 2018 and 2017 was as follows.

		Three Months Ended June 30,								Six Months Ended June 30,
(dollars and shares in thousands, except per share data)		2018				2017				2018				2017
Basic:
Net income		$	37,296			$	27,772			$	73,011			$	54,789
Average common shares outstanding			34,306				34,129				34,283				34,099
Basic net income per common share		$	1.09			$	0.81			$	2.13			$	1.61

Diluted:
Net income		$	37,296			$	27,772			$	73,011			$	54,789
Average common shares outstanding			34,306				34,129				34,283				34,099
Adjustment for common share equivalents			142				195				145				205
Average common shares outstanding-diluted			34,448				34,324				34,428				34,304
Diluted net income per common share		$	1.08			$	0.81			$	2.12			$	1.60

Anti-dilutive shares			—				7				—				7