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Net Income per Common Share

3 Months Ended

Mar. 31, 2020

Net Income per Common Share

Net Income per Common Share

Note 11. Net Income per Common Share

The calculation of net income per common share for the three months ended March 31, 2020 and 2019 was as follows:

​

​	​	​	​	​	​	​
​		Three Months Ended March 31,
(dollars and shares in thousands, except per share data)	​	2020		​	2019
Basic:		​			​
Net income	​	$	23,123	​	$	33,749
Average common shares outstanding	​		32,850	​		34,481
Basic net income per common share	​	$	0.70	​	$	0.98
​	​	​	​	​	​	​
Diluted:	​			​
Net income	​	$	23,123	​	$	33,749
Average common shares outstanding	​		32,850	​		34,481
Adjustment for common share equivalents	​		25	​		55
Average common shares outstanding-diluted	​		32,875	​		34,536
Diluted net income per common share	​	$	0.70	​	$	0.98
​	​	​	​	​	​	​
Anti-dilutive shares	​		26	​		3

​

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- References

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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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