Earnings Per Share

12 Months Ended

Dec. 31, 2018

Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the year.

In 2018, 2017, and 2016, options and warrants to purchase 483,000, 274,000, and 131,000 shares, respectively, were antidilutive and accordingly were excluded in determining diluted earnings per share.



	For the Year Ended December 31
(In thousands, except per share data)	2018		2017		2016
Basic earnings per share
Net Income	$	67,275	$	42,865	$	29,202
Total weighted average common stock outstanding	47,969		42,613		36,872
Net income per share	$	1.40	$	1.01	$	0.79

Diluted earnings per share
Net Income	$	67,275	$	42,865	$	29,202

Total weighted average common stock outstanding	47,969		42,613		36,872
Add: Dilutive effect of employee restricted stock and stock options (See Note J)	779		737		636
Total weighted average diluted stock outstanding	48,748		43,350		37,508
Net income per share	$	1.38	$	0.99	$	0.78