EARNINGS PER SHARE

The Company uses the two class method to compute earnings per common share. Participating securities include non-vested restricted stock and non-vested restricted stock units. The following tables present the computation of basic and diluted earnings per share for the periods presented.



Year Ended December 31, 2018	Income (Numerator)			Shares (Denominator)	Per Share Amount
	(in thousands, except per share amounts)
Basic earnings per share
Net income available to common shareholders	$	63,401		47,578	$	1.33
Less: earnings allocated to participating securities	(582		)	—	(0.01		)
Net income available to common shareholders	$	62,819		47,578	$	1.32
Effect of dilutive securities
Stock options and restricted stock	—			188	—
Diluted earnings per share
Net income available to common shareholders plus assumed conversions	$	62,819		47,766	$	1.32



Year Ended December 31, 2017	Income (Numerator)			Shares (Denominator)	Per Share Amount
	(in thousands, except per share amounts)
Basic earnings per share
Net income available to common shareholders	$	52,580		47,438	$	1.11
Less: earnings allocated to participating securities	(480		)	—	(0.01		)
Net income available to common shareholders	$	52,100		47,438	$	1.10
Effect of dilutive securities
Stock options and restricted stock	—			236	(0.01		)
Diluted earnings per share
Net income available to common shareholders plus assumed conversions	$	52,100		47,674	$	1.09



Year Ended December 31, 2016	Income (Numerator)			Shares (Denominator)		Per Share Amount
	(in thousands, except per share amounts)
Basic earnings per share
Net income available to common shareholders	$	41,518		42,912		$	0.97
Less: earnings allocated to participating securities	(396		)	—		(0.01		)
Net income available to common shareholders	$	41,122		42,912		$	0.96
Effect of dilutive securities
Stock options and restricted stock	—			202		(0.01		)
Diluted earnings per share
Net income available to common shareholders plus assumed conversions	$	41,122		$	43,114	$	0.95

There were no antidilutive options to purchase common stock to be excluded from the above computations.