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Basic and Diluted Net Income Per Common Share
 12 Months Ended
Dec. 31, 2016
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)

 

2016

    

2015

    

2014

 

Net income available to common stockholders

 

$
13,797

 

$
43,463

 

$
49,370

 

Weighted average shares outstanding

 

 

 

 

 

 

 

 

 

 

Basic

 

 
50,259

 

 
51,902

 

 
53,042

 

Effect of dilutive securities

 

 
764

 

 
807

 

 
899

 

Diluted

 

 
51,023

 

 
52,709

 

 
53,941

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$
0.27

 

$
0.84

 

$
0.93

 

Diluted net income per common share

 

$
0.27

 

$
0.82

 

$
0.92

 

 

For the years ended December 31, 2016, 2015 and 2014, there were 1.2 million,  0.8 million, and 0.3 million stock based compensation awards, respectively, that were excluded from the dilutive calculations as the effect would have been antidilutive.