Income Per Common Share

9 Months Ended

Sep. 30, 2016

Basic and diluted income per common share for the three and nine months ended September 30, 2016 and 2015 were calculated as follows (in thousands, except number of shares and per share amounts):



	Three Months Ended September 30, 2016		Three Months Ended September 30, 2015		Nine Months Ended September 30, 2016		Nine Months Ended September 30, 2015
Basic weighted average number of common shares outstanding	36,801,464		36,573,099		36,746,727		36,534,554
Effect of dilutive securities:
Stock options, unvested common shares, and warrants	636,633		1,465,119		672,364		1,396,633
Tangible equity units	894,930		469,049		894,930		469,049
Diluted average shares outstanding	38,333,027		38,507,267		38,314,021		38,400,236
Net income available to common stockholders	$	13,069	$	12,082	$	36,644	$	31,041
Basic income per common share	$	0.36	$	0.33	$	1.00	$	0.85
Dilutive income per common share	$	0.34	$	0.31	$	0.96	$	0.81
Antidilutive securities not included in the calculation of diluted income per common share (weighted average):
Unvested stock options	240,000		240,000		240,000		160,000
Warrants	1,907,551		—		1,907,551		—