Income Per Common Share

3 Months Ended

Mar. 31, 2016

Basic and diluted income per common share for the three months ended March 31, 2016 and 2015 were calculated as follows (in thousands, except number of shares and per share amounts):



	Three Months Ended March 31, 2016		Three Months Ended March 31, 2015
Basic weighted average number of common shares outstanding	36,651,846		36,463,995
Effect of dilutive securities:
Stock options, unvested common shares, and warrants	757,085		1,169,836
Tangible equity units	894,930		—
Diluted average shares outstanding	38,303,861		37,633,831
Net income available to common stockholders	$	9,014	$	6,682
Basic income per common share	$	0.25	$	0.18
Dilutive income per common share	$	0.24	$	0.18
Antidilutive securities not included in the calculation of diluted income per common share (weighted average):
Unvested stock options	240,000		—
Warrants	1,907,551		—
Tangible equity units	—		894,930