Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net income	$	29,824	$	29,766	$	58,263	$	67,582
Weighted average number of common shares outstanding, basic		55,421,887		55,050,071		55,424,776		54,762,563
Dilutive effect of common stock equivalents:
Options		—		2,806		2,284		1,453
Warrants		1,686		1,789		1,770		1,746
RSU awards		655,368		667,181		679,471		614,660
PSU awards		14,534		2,888		15,456		1,444
DSU awards		3,039		6,148		16,206		3,076
ESPP		7,503		—		9,503		—
Weighted average number of common shares outstanding, diluted		56,104,017		55,730,883		56,149,466		55,384,942
Basic earnings per common share	$	0.54	$	0.54	$	1.05	$	1.23
Diluted earnings per common share	$	0.53	$	0.53	$	1.04	$	1.22

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Anti-dilutive common stock equivalents
Options		31,166		—		15,583		—
RSU awards		155,649		—		77,824		106,213
PSU awards		278,472		86,080		259,962		100,482
DSU awards		—		—		—		15,485
Total anti-dilutive common stock equivalents		465,287		86,080		353,369		222,180