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Net Income per Common Share | 9 Months Ended
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Sep. 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 September 30, 2018 and 2017 was as follows.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(dollars and shares in thousands, except per share data) |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Basic: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 38,948 |  |  | $ | 29,874 |  |  | $ | 111,959 |  |  | $ | 84,663 |
Average common shares outstanding |  |  | 34,309 |  |  |  | 34,174 |  |  |  | 34,292 |  |  |  | 34,124 |
Basic net income per common share |  | $ | 1.14 |  |  | $ | 0.87 |  |  | $ | 3.26 |  |  | $ | 2.48 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 38,948 |  |  | $ | 29,874 |  |  | $ | 111,959 |  |  | $ | 84,663 |
Average common shares outstanding |  |  | 34,309 |  |  |  | 34,174 |  |  |  | 34,292 |  |  |  | 34,124 |
Adjustment for common share equivalents |  |  | 152 |  |  |  | 164 |  |  |  | 152 |  |  |  | 192 |
Average common shares outstanding-diluted |  |  | 34,461 |  |  |  | 34,338 |  |  |  | 34,444 |  |  |  | 34,316 |
Diluted net income per common share |  | $ | 1.13 |  |  | $ | 0.87 |  |  | $ | 3.25 |  |  | $ | 2.47 |
Anti-dilutive shares |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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