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Note 11. Net Income per Common Share

9 Months Ended

Sep. 30, 2019

Earnings Per Common Share

Note 11. Net Income per Common Share

Note 11. Net Income per Common Share

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

		Three Months Ended September 30,								Nine Months Ended September 30,
(dollars and shares in thousands, except per share data)		2019				2018				2019				2018
Basic:
Net income		$	36,495			$	38,948			$	107,487			$	111,959
Average common shares outstanding			34,233				34,309				34,418				34,292
Basic net income per common share		$	1.07			$	1.14			$	3.12			$	3.26
Diluted:
Net income		$	36,495			$	38,948			$	107,487			$	111,959
Average common shares outstanding			34,233				34,309				34,418				34,292
Adjustment for common share equivalents			23				152				33				152
Average common shares outstanding-diluted			34,256				34,461				34,451				34,444
Diluted net income per common share		$	1.07			$	1.13			$	3.12			$	3.25
Anti-dilutive shares			2				3				20				—

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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