Basic and Diluted Net Income per Common Share

6 Months Ended

Jun. 30, 2017

Basic and Diluted Net Income Per Common Share

Basic and Diluted Net Income Per Common Share

9.    Basic and Diluted Net Income per Common Share

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

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands, except per share amounts)	2017		2016		2017		2016
Net income available to common stockholders	$	5,853	$	7,896	$	6,628	$	13,354
Weighted average shares outstanding
Basic		50,470		50,225		50,441		50,267
Effect of dilutive securities		41		762		58		747
Diluted		50,511		50,987		50,499		51,014
Basic net income per common share	$	0.12	$	0.16	$	0.13	$	0.27
Diluted net income per common share	$	0.12	$	0.15	$	0.13	$	0.26

For the three and six months ended June 30, 2017 and 2016, there were 2.2 million shares and 1.3 million shares of stock based compensation awards, respectively, that were excluded from the dilutive calculations as the effect would have been anti-dilutive.