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Basic and Diluted Net Income Per Common Share
 12 Months Ended
Dec. 31, 2015
Basic and Diluted Net Income Per Common Share  
Basic and Diluted Net Income Per Common Share

 

13. Basic and Diluted Net Income Per Common Share

 

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

 

 

 

Year Ended December 31

 

(Dollars in thousands, except per share amounts)

 

2015

 

2014

 

2013

 

Net income available to common stockholders

 

$
43,463 

 

$
49,370 

 

$
45,713 

 

Weighted Average Shares Outstanding

 

 

 

 

 

 

 

Basic

 
51,902,408 

 
53,042,253 

 
53,897,834 

 

Effect of Dilutive Securities

 
806,490 

 
898,559 

 
773,195 

 

 

 

 

 

 

 

 

 

Diluted

 
52,708,898 

 
53,940,812 

 
54,671,029 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$
0.84 

 

$
0.93 

 

$
0.85 

 

Diluted net income per common share

 

$
0.82 

 

$
0.92 

 

$
0.84 

 

 

For the years ended December 31, 2015, 2014 and 2013, there were 818,260, 341,174, and zero stock based compensation awards, respectively, that were excluded from the dilutive calculations as the effect would have been antidilutive.