Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2016

Basic and diluted net income per common share

Basic and diluted net income per common share calculations are as follows for the periods presented:



	Three Months Ended
	June 30,
	2016		2015
Basic
Net income applicable to common stock	$	22,900	$	15,394
Average common shares outstanding	42,066,168		31,626,059
Net income per common share - basic	$	0.54	$	0.49
Diluted
Net income applicable to common stock	$	22,900	$	15,394
Average common shares outstanding	42,066,168		31,626,059
Effect of dilutive stock-based compensation	237,458		239,113
Average common shares outstanding - diluted	42,303,626		31,865,172
Net income per common share - diluted	$	0.54	$	0.48



	Six Months Ended
	June 30,
	2016		2015
Basic
Net income applicable to common stock	$	44,116	$	30,634
Average common shares outstanding	41,200,133		31,601,304
Net income per common share - basic	$	1.07	$	0.97
Diluted
Net income applicable to common stock	$	44,116	$	30,634
Average common shares outstanding	41,200,133		31,601,304
Effect of dilutive stock-based compensation	235,830		232,953
Average common shares outstanding - diluted	41,435,963		31,834,257
Net income per common share - diluted	$	1.06	$	0.96

Diluted net income per common share due to their anti-dilutive effect

Stock options that could potentially dilute basic net income per common share in the future that were not included in the computation of diluted net income per common share due to their anti-dilutive effect were as follows for the periods presented:



	Three Months Ended
	June 30,
	2016	2015
Number of shares	19,000	108,138
Exercise prices	$32.60	$30.63



	Six Months Ended
	June 30,
	2016	2015
Number of shares	19,000	111,672
Range of exercise prices	$32.60	$29.57 - $30.63