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Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings per common share  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Earnings per common share have been computed based on the following:

Three Months Ended

March 31,

(dollars in thousands, except for per share data)

2021

2020

Net income

$

32,999

$

6,030

Earnings allocated to participating securities

(186

)

(27

)

Income attributable to common stock

$

32,813

$

6,003

 

Weighted average common shares outstanding, including participating securities

39,738

39,559

Weighted average participating securities

(181

)

(135

)

Weighted average common shares outstanding

39,557

39,424

Incremental shares from assumed conversions of options,

performance units and restricted shares

232

92

Weighted average common and equivalent shares outstanding

39,789

39,516

 

Earnings per common share:

Basic

$

0.83

$

0.15

Diluted

0.82

0.15