Basic and Diluted Net Income Per Common Share

12 Months Ended

Dec. 31, 2013

Basic and Diluted Net Income Per Common Share

Basic and Diluted Net Income Per Common Share

18. Basic and Diluted Net Income Per Common Share

Computation of basic and diluted net income per common share is performed as follows:

	For the Year Ended
(Dollars in thousands, except per share amounts)	2013		2012		2011
Net income available to common shareholders	$	45,713	$	23,272	$	39,224
Weighted Average Shares Outstanding
Basic	53,897,834		56,304,636		56,243,015
Effect of Dilutive Securities	773,195		530,924		750,933
Diluted	54,671,029		56,835,560		56,993,948
Basic net income per common share	$	0.85	$	0.41	$	0.70
Diluted net income per common share	$	0.84	$	0.41	$	0.69

For the years ended December 31, 2013, 2012 and 2011, there were zero, 341,277, and 131,890 options, respectively, that were excluded from the dilutive calculations as the effect would have been antidilutive.