Earnings Per Share

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Note 4: Earnings Per Share

Basic earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding, after taking into consideration all dilutive potential shares outstanding during the period.

Basic and diluted earnings per share were calculated as follows:

	(dollars in thousands)
		For the three months ended				For the nine months ended
		September 30,				September 30,
		2017		2016		2017		2016
Net income		$	2,438	$	4,583	$	18,170	$	18,190
Weighted average basic shares outstanding			51,757,248		51,426,104		51,638,864		51,388,058
Effect of dilutive securities attributable to stock-based awards			296,407		503,122		372,344		429,530
Weighted average diluted shares outstanding			52,053,655		51,929,226		52,011,208		51,817,588
Income per common share:
Basic		$	0.05	$	0.09	$	0.35	$	0.35
Dilutive		$	0.05	$	0.09	$	0.35	$	0.35
Anti-dilutive securities excluded from EPS calculation			511,122		347,699		298,721		409,599