Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2018

Sep. 30, 2017

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
	September 30,
	2018		2017
Basic
Net income applicable to common stock	$	31,964	$	26,421
Average common shares outstanding	52,472,971		49,316,572
Net income per common share - basic	$	0.61	$	0.54
Diluted
Net income applicable to common stock	$	31,964	$	26,421
Average common shares outstanding	52,472,971		49,316,572
Effect of dilutive stock-based compensation	136,931		118,653
Average common shares outstanding - diluted	52,609,902		49,435,225
Net income per common share - diluted	$	0.61	$	0.53



	Nine Months Ended
	September 30,
	2018		2017
Basic
Net income applicable to common stock	$	102,500	$	75,677
Average common shares outstanding	50,425,797		46,050,250
Net income per common share - basic	$	2.03	$	1.64
Diluted
Net income applicable to common stock	$	102,500	$	75,677
Average common shares outstanding	50,425,797		46,050,250
Effect of dilutive stock-based compensation	127,395		117,891
Average common shares outstanding - diluted	50,553,192		46,168,141
Net income per common share - diluted	$	2.03	$	1.64

Schedule of antidilutive securities

Stock-based compensation awards 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
	September 30,
	2018	2017
Number of shares	43,779	—
Exercise prices (for stock option awards)	—	—



	Nine Months Ended
	September 30,
	2018	2017
Number of shares	73,507	—
Exercise prices (for stock option awards)	—	—