Net Income Per Common Share

6 Months Ended

Jun. 30, 2015

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.