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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

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

    

2018

    

2017

    

2018

    

2017

 

Basic earnings per common share:

 

 

    

 

 

    

 

 

    

 

 

    

 

Net income

 

$

47,082

 

$

35,046

 

$

129,867

 

$

85,133

 

Weighted-average basic common shares

 

 

36,645

 

 

29,115

 

 

36,657

 

 

29,023

 

Basic earnings per common share

 

$

1.28

 

$

1.20

 

$

3.53

 

$

2.92

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

47,082

 

$

35,046

 

$

129,867

 

$

85,133

 

Weighted-average basic common shares

 

 

36,645

 

 

29,115

 

 

36,657

 

 

29,023

 

Effect of dilutive securities

 

 

248

 

 

270

 

 

252

 

 

268

 

Weighted-average dilutive shares

 

 

36,893

 

 

29,385

 

 

36,909

 

 

29,291

 

Diluted earnings per common share

 

$

1.28

 

$

1.19

 

$

3.52

 

$

2.90

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

(Dollars in thousands)

    

2018

    

2017

    

2018

    

2017

 

Number of shares

 

 

 

 

 

62,235

 

 

 

 

 

34,712

 

 

 

    

 

62,235

 

 

 

 

 

34,712

 

Range of exercise prices

 

$

87.30

to

$

91.35

 

$

69.48

to

$

91.35

 

$

87.30

to

$

91.35

 

$

69.48

to

$

91.35