Earnings Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

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

	Year ended December 31,
($ in thousands, except per share data)	2020		2019		2018
Net income	$	74,384	$	92,739	$	89,217
Weighted average common shares outstanding	26,954		26,045		23,100
Additional dilutive common stock equivalents	35		114		189
Weighted average diluted common shares outstanding	26,989		26,159		23,289
Basic earnings per common share:	$	2.76	$	3.56	$	3.86
Diluted earnings per common share:	$	2.76	$	3.55	$	3.83

For 2020 and 2019, common stock equivalents of approximately 156,000 and 21,000, respectively, were excluded from the earnings per share calculation because their effect would have been anti-dilutive. For 2018, the amount was immaterial.