v3.7.0.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the Company’s unaudited earnings per share calculations for the quarters ended March 31:

 

 

2017

 

 

2016

 

(dollars in thousands, except per share amounts)

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

6,113

 

 

$

6,113

 

 

$

3,787

 

 

$

3,787

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic common shares outstanding

 

32,805,010

 

 

 

32,805,010

 

 

 

32,006,176

 

 

 

32,006,176

 

Effect of contingent shares issuable

 

 

 

 

 

1,592

 

 

 

 

 

 

 

1,592

 

Effect of options and restricted stock

 

 

 

 

 

1,154,618

 

 

 

 

 

 

 

1,161,296

 

Diluted common shares outstanding

 

 

 

 

 

33,961,220

 

 

 

 

 

 

 

33,169,064

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

$

0.19

 

 

$

0.18

 

 

$

0.12

 

 

$

0.11