Net Income per Common Share

6 Months Ended

Jun. 30, 2019

Note 11. Net Income per Common Share

The calculation of net income per common share for the three and six months ended June 30, 2019 and 2018 was as follows:

	Three Months Ended June 30 ,				Six Months Ended June 30 ,
(dollars and shares in thousands, except per share data)	2019		2018		2019		2018
Basic:
Net income	$	37,243	$	37,296	$	70,992	$	73,011
Average common shares outstanding		34,540		34,306		34,511		34,283
Basic net income per common share	$	1.08	$	1.09	$	2.06	$	2.13

Diluted:
Net income	$	37,243	$	37,296	$	70,992	$	73,011
Average common shares outstanding		34,540		34,306		34,511		34,283
Adjustment for common share equivalents		25		142		38		145
Average common shares outstanding-diluted		34,565		34,448		34,549		34,428
Diluted net income per common share	$	1.08	$	1.08	$	2.05	$	2.12

Anti-dilutive shares		2		—		19		—