Earnings Per Share

12 Months Ended

Dec. 31, 2016

EARNINGS PER SHARE

The following table presents a summary of per common share data and amounts for the periods indicated.



	Years ended December 31,
(in thousands, except share and per share data)	2016		2015		2014
Net income as reported	$	48,837	$	38,450	$	27,173

Impact of assumed conversions
Interest on 9% convertible trust preferred securities, net of income tax	—		—		66
Net income available to common shareholders after assumed conversions	$	48,837	$	38,450	$	27,239

Weighted average common shares outstanding	20,003		19,984		19,761
Incremental shares from assumed conversions of convertible trust preferred securities	—		—		57
Additional dilutive common stock equivalents	287		333		292
Weighted average diluted common shares outstanding	20,290		20,317		20,110

Basic earnings per common share:	$	2.44	$	1.92	$	1.38
Diluted earnings per common share:	$	2.41	$	1.89	$	1.35

There were zero, 0.1 million, and 0.3 million common stock equivalents for fiscal years 2016, 2015, and 2014, respectively, which were excluded from the earnings per share calculation because their effect was anti-dilutive.