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Net Income Per Common Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Income Per Common Share

(16) NET INCOME PER COMMON SHARE

Basic and diluted net income per common share are calculated as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

(Dollars in thousands, except per share data)

 

(Numerator)

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

212,465

 

 

$

193,100

 

 

$

167,630

 

(Denominator)

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding for basic earnings per common share

 

 

32,919,348

 

 

 

32,778,355

 

 

 

32,716,099

 

Dilutive effect of stock compensation

 

 

575,139

 

 

 

661,141

 

 

 

598,047

 

Weighted-average shares outstanding for diluted earnings per common share

 

 

33,494,487

 

 

 

33,439,496

 

 

 

33,314,146

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

6.45

 

 

$

5.89

 

 

$

5.12

 

Diluted earnings per share

 

$

6.34

 

 

$

5.77

 

 

$

5.03

 

 

The following table shows the number of options and RSU's that were excluded from the computation of diluted net income per common share for each period because they were anti-dilutive for the period:

 

 

 

Shares

 

December 31, 2023

 

 

280,150

 

December 31, 2022

 

 

155,316

 

December 31, 2021

 

 

189,780