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Net Income per Common Share | 6 Months Ended
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Jun. 30, 2020
Net Income per Common Share |
Net Income per Common Share | Note 10. Net Income per Common Share The calculation of net income per common share for the three and six months ended June 30, 2020 and 2019 (unaudited) was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
(dollars and shares in thousands, except per share data) | ​ | 2020 | ​ | 2019 | ​ | 2020 | ​ | 2019
Basic: | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Net income | ​ | $ | 28,856 | ​ | $ | 37,243 | ​ | $ | 51,979 | ​ | $ | 70,992
Average common shares outstanding | ​ |  | 32,225 | ​ |  | 34,540 | ​ |  | 32,537 | ​ |  | 34,511
Basic net income per common share | ​ | $ | 0.90 | ​ | $ | 1.08 | ​ | $ | 1.60 | ​ | $ | 2.06
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted: | ​ |  |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Net income | ​ | $ | 28,856 | ​ | $ | 37,243 | ​ | $ | 51,979 | ​ | $ | 70,992
Average common shares outstanding | ​ |  | 32,225 | ​ |  | 34,540 | ​ |  | 32,537 | ​ |  | 34,511
Adjustment for common share equivalents | ​ |  | 16 | ​ |  | 25 | ​ |  | 24 | ​ |  | 38
Average common shares outstanding-diluted | ​ |  | 32,241 | ​ |  | 34,565 | ​ |  | 32,561 | ​ |  | 34,549
Diluted net income per common share | ​ | $ | 0.90 | ​ | $ | 1.08 | ​ | $ | 1.60 | ​ | $ | 2.05
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Anti-dilutive shares | ​ |  | 49 | ​ |  | 2 | ​ |  | 26 | ​ |  | 19
​

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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 + Details
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