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Net Income per Common Share

12 Months Ended

Dec. 31, 2019

Net Income per Common Share

Net Income per Common Share

Note 15 – Net Income per Common Share

The calculation of net income per common share for the years ended December 31 was as follows:

​

​	​	​	​	​	​	​	​	​	​
(dollars and shares in thousands, except per share data)		2019			2018			2017
Basic:		​			​			​
Net income	​	$	142,943	​	$	152,276	​	$	100,232
Average common shares outstanding	​		34,179	​		34,306	​		34,139
Basic net income per common share	​	$	4.18	​	$	4.44	​	$	2.94
​	​	​	​	​	​	​	​	​	​
Diluted:	​			​			​
Net income	​	$	142,943	​	$	152,276	​	$	100,232
Average common shares outstanding	​		34,179	​		34,306	​		34,139
Adjustment for common share equivalents	​		32	​		137	​		182
Average common shares outstanding-diluted	​		34,211	​		34,443	​		34,321
Diluted net income per common share	​	$	4.18	​	$	4.42	​	$	2.92
​	​	​	​	​	​	​	​	​	​
Anti-dilutive shares	​		2	​		—	​		—

​

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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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