| Net Income Per Common Share |
Note 8 – Net Income Per Common Share
The reconciliation of the numerator and denominator of the income
per common share is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three months ended June 30, |
|
|
Six months ended
June 30, |
|
| (Dollar amounts in thousands, except per
share information) |
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
|
|
|
|
|
|
Net income
|
|
$ |
20,267 |
|
|
$ |
17,773 |
|
|
$ |
39,330 |
|
|
$ |
35,979 |
|
|
Less: non-forfeitable dividends on restricted stock
|
|
|
3 |
|
|
|
— |
|
|
|
3 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income available to common shareholders
|
|
$ |
20,264 |
|
|
$ |
17,773 |
|
|
$ |
39,327 |
|
|
$ |
35,979 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
77,457,322 |
|
|
|
78,410,554 |
|
|
|
77,631,339 |
|
|
|
78,393,042 |
|
|
Weighted average potential dilutive common shares (1)
|
|
|
240,539 |
|
|
|
789,410 |
|
|
|
148,863 |
|
|
|
811,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding - assuming dilution
|
|
|
77,697,861 |
|
|
|
79,199,964 |
|
|
|
77,780,202 |
|
|
|
79,204,642 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per common share - basic
|
|
$ |
0.26 |
|
|
$ |
0.23 |
|
|
$ |
0.51 |
|
|
$ |
0.46 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per common share - diluted
|
|
$ |
0.26 |
|
|
$ |
0.22 |
|
|
$ |
0.51 |
|
|
$ |
0.45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Potential common shares consist of
common stock issuable under the assumed exercise of stock options
and restricted stock awards using the treasury stock method. |
On February 18, 2015, our Board declared a quarterly cash
dividend of $0.10 per share of common stock, which was paid on
March 19, 2015 to stockholders of record as of March 2,
2015. On May 6, 2015, our Board declared a quarterly cash
dividend of $0.10 per share of common stock, which was paid on
June 5, 2015 to stockholders of record as of May 18,
2015.
|