Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

The following table shows the weighted average number of shares used in computing earnings per share and the effect on the weighted average number of shares of potentially dilutive securities. Potentially dilutive common stock has no effect on income available to common stockholders. For the years ended December 31, 2017, 2016 and 2015, awards that had an anti-dilutive impact on the Company's dilutive earnings per share computation excluded from the weighted average shares outstanding were nominal.



Table 15: Details of Basic and Dilutive Earnings Per Share
	For the Year Ended December 31,
	2017		2016		2015
	(dollars in thousands, except for per share amounts)
Net income	$	59,848	$	44,024	$	16,736

Weighted average number of shares outstanding - basic	38,636,152		40,605,464		43,172,528
Effect of dilutive securities:
Restricted stock awards	7,827		9,018		12,081
Restricted stock units	61,099		31,200		7,000
Performance restricted stock units	47,122		3,557		3,188
Stock options	22,763		13,065		23,527
Total effect of dilutive securities	138,811		56,840		45,796
Weighted average number of shares outstanding - diluted	38,774,963		40,662,304		43,218,324

Basic earnings per share	$	1.55	$	1.08	$	0.39
Diluted earnings per share	$	1.54	$	1.08	$	0.39