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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2017
Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

(Dollars and shares in thousands, except for per share amounts)

 

2017

 

2016

 

2015

Basic earnings per common share:

    

 

    

    

 

    

    

 

    

Net income

 

$

87,554

 

$

101,282

 

$

99,473

Weighted-average basic common shares

 

 

29,686

 

 

23,998

 

 

23,966

Basic earnings per common share

 

$

2.95

 

$

4.22

 

$

4.15

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

Net income

 

$

87,554

 

$

101,282

 

$

99,473

Weighted-average basic common shares

 

 

29,686

 

 

23,998

 

 

23,966

Effect of dilutive securities

 

 

236

 

 

221

 

 

258

Weighted-average dilutive shares

 

 

29,922

 

 

24,219

 

 

24,224

Diluted earnings per common share

 

$

2.93

 

$

4.18

 

$

4.11

 

Schedule of anti-dilutive securities excluded from computation of diluted earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(Dollars in thousands)

 

 

2017

 

2016

 

2015

 

Number of shares

 

    

 

 

 

 

34,712

    

 

 

    

 

69,572

    

 

 

 

 

47,865

 

Range of exercise prices

 

 

$

69.48

to

$

91.35

 

$

61.42

to

$

69.48

 

$

61.42

to

$

66.32