Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings per common share are calculated as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(unaudited, in thousands, except shares and per share amounts)	2019		2018		2019		2018
Numerator for both basic and diluted earnings per common share:
Net income	$	44,814	$	33,169	$	85,151	$	66,698
Denominator:
Total average basic common shares outstanding		54,628,029		46,498,305		54,613,346		45,281,264
Effect of dilutive stock options and other stock compensation		105,492		141,475		110,863		135,746
Total diluted average common shares outstanding		54,733,521		46,639,780		54,724,209		45,417,010
Earnings per common share - basic	$	0.82	$	0.71	$	1.56	$	1.47
Earnings per common share - diluted	$	0.82	$	0.71	$	1.56	$	1.47