Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Common Share

Schedule of computation of earnings per common share

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

	Three Months Ended March 31,
	2022		2021
Net income	$	28,439	$	37,816
Shares:
Weighted average common shares outstanding		55,427,696		54,471,860
Dilutive effect of outstanding options, warrants, and stock units as determined by the application of the treasury stock method		755,748		563,946
Dilutive effect of ESPP shares		11,502		—
Weighted average common shares outstanding, as adjusted for diluted earnings per share calculation		56,194,946		55,035,806
Basic earnings per common share	$	0.51	$	0.69
Diluted earnings per common share	$	0.51	$	0.69

Schedule of shares excluded from computation of diluted earnings per common share

	Three Months Ended March 31,
	2022		2021
Anti-dilutive common stock equivalents
RSU and DSU awards		—		243,396
PSU awards		241,452		114,883
Total anti-dilutive common stock equivalents		241,452		358,279