| Computation of Basic and Diluted Earnings Per Share |
The following table sets forth the Company’s earnings per share calculations for the years ended December 31:
|
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
(dollars in thousands, except share and per share amounts) |
|
Basic |
|
|
Diluted |
|
|
Basic |
|
|
Diluted |
|
|
Basic |
|
|
Diluted |
|
|
Net income |
|
$ |
27,582 |
|
|
$ |
27,582 |
|
|
$ |
23,303 |
|
|
$ |
23,303 |
|
|
$ |
13,378 |
|
|
$ |
13,378 |
|
|
Basic common shares outstanding |
|
|
34,482,630 |
|
|
|
34,482,630 |
|
|
|
32,365,800 |
|
|
|
32,365,800 |
|
|
|
22,310,014 |
|
|
|
22,310,014 |
|
|
Effect of options, restricted stock and contingent shares issuable |
|
|
|
|
|
|
848,429 |
|
|
|
|
|
|
|
1,106,016 |
|
|
|
|
|
|
|
841,696 |
|
|
Diluted common shares outstanding |
|
|
|
|
|
|
35,331,059 |
|
|
|
|
|
|
|
33,471,816 |
|
|
|
|
|
|
|
23,151,710 |
|
|
Earnings per share |
|
$ |
0.80 |
|
|
$ |
0.78 |
|
|
$ |
0.72 |
|
|
$ |
0.70 |
|
|
$ |
0.60 |
|
|
$ |
0.58 |
|
|