v3.8.0.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2018
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:

 

 

 

 

 

2018

 

 

2017

 

(dollars in thousands, except per share amounts)

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

8,976

 

 

$

8,976

 

 

$

6,113

 

 

$

6,113

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic common shares outstanding

 

38,577,271

 

 

 

38,577,271

 

 

 

32,805,010

 

 

 

32,805,010

 

Effect of contingent shares issuable

 

 

 

 

 

1,592

 

 

 

 

 

 

 

1,592

 

Effect of options and restricted stock

 

 

 

 

 

545,869

 

 

 

 

 

 

 

1,154,618

 

Diluted common shares outstanding

 

 

 

 

 

39,124,732

 

 

 

 

 

 

 

33,961,220

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

$

0.23

 

 

$

0.23

 

 

$

0.19

 

 

$

0.18