Earnings Per Share

12 Months Ended

Dec. 31, 2015

EARNINGS PER SHARE

The following table presents a summary of per common share data and amounts for the periods indicated.



	Years ended December 31,
(in thousands, except per share data)	2015		2014		2013
Net income as reported	$	38,450	$	27,173	$	33,104

Impact of assumed conversions
Interest on 9% convertible trust preferred securities, net of income tax	—		66		1,015
Net income available to common shareholders and assumed conversions	$	38,450	$	27,239	$	34,119

Weighted average common shares outstanding	19,984		19,761		18,582
Incremental shares from assumed conversions of convertible trust preferred securities	—		57		1,001
Additional dilutive common stock equivalents	333		292		168
Weighted average diluted common shares outstanding	20,317		20,110		19,751

Basic earnings per common share:	$	1.92	$	1.38	$	1.78
Diluted earnings per common share:	$	1.89	$	1.35	$	1.73

There were 0.1 million common stock equivalents for fiscal year 2015; 0.3 million common stock equivalents for fiscal year 2014; and 0.5 million common stock equivalents for fiscal year 2013, which were excluded from the earnings per share calculations because their effect was anti-dilutive.