Income Per Common Share

9 Months Ended

Sep. 30, 2017

Basic and diluted income per common share for the three and nine months ended September 30, 2017 and 2016 were calculated as follows (in thousands, except number of shares and per share amounts):



	Three Months Ended September 30, 2017		Three Months Ended September 30, 2016		Nine Months Ended September 30, 2017		Nine Months Ended September 30, 2016
Basic weighted average number of common shares outstanding	37,059,483		36,801,464		37,007,144		36,746,727
Effect of dilutive securities:
Stock options, unvested common shares, and warrants	1,523,858		636,633		1,374,148		672,364
Tangible equity units	—		894,930		—		894,930
Diluted average shares outstanding	38,583,341		38,333,027		38,381,292		38,314,021
Net income available to common stockholders	$	27,418	$	13,069	$	36,372	$	36,644
Basic income per common share	$	0.74	$	0.36	$	0.98	$	1.00
Dilutive income per common share	$	0.71	$	0.34	$	0.95	$	0.96
Antidilutive securities not included in the calculation of diluted income per common share (weighted average):
Unvested stock options	240,000		240,000		240,000		240,000
Warrants	—		1,907,551		—		1,907,551