Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Common Share

Schedule of computation of earnings per common share

Earnings per common share have been computed as follows (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net income	$	30,829	$	24,828	$	71,999	$	74,382
Shares:
Weighted average common shares outstanding		54,586		55,410		54,579		54,783
Dilutive effect of outstanding options, warrants and restricted stock units as determined by the application of the treasury stock method		152		236		217		275
Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation		54,738		55,646		54,796		55,058
Basic earnings per common share	$	0.56	$	0.45	$	1.32	$	1.36
Diluted earnings per common share	$	0.56	$	0.45	$	1.31	$	1.35
Common stock equivalents excluded from the earning per common share calculations because their effect would have been anti-dilutive		300		237		300		385