Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Earnings per share consisted of the following components for the periods indicated:

	Three Months Ended
	March 31
	2020		2019
	(Dollars in thousands, except per share data)
Net income	$	26,751	$	35,225
Weighted Average Shares
Basic shares	34,184,431		28,106,184
Effect of dilutive securities	36,827		54,466
Diluted shares	34,221,258		28,160,650
Net income per share
Basic EPS	$	0.78	$	1.25
Effect of dilutive securities	—		—
Diluted EPS	$	0.78	$	1.25

During the three months ended March 31, 2020 and 2019 there were no options to purchase common stock and 5,431 and 6,890 shares of performance-based restricted stock, respectively, that were excluded from the calculation of diluted earnings per share because they were anti-dilutive.