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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerator and Denominator of 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.