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Earnings Per Common Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Common Share

 


 

Note 9.  Earnings Per Common Share

Earnings per common share is computed using the two-class method.  The following is a reconciliation of the weighted average number of common shares used in the calculation of basic and diluted earnings per common share and antidilutive stock options and restricted stock outstanding for the three and nine months ended September 30, 2021, and September 30, 2020:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

(dollars in thousands, except shares and per share amounts)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income Available to Common Shareholders

 

$

61,047

 

 

$

37,840

 

 

$

188,529

 

 

$

111,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Common Shares Outstanding - Basic

 

 

39,881,437

 

 

 

39,745,120

 

 

 

39,870,450

 

 

 

39,710,252

 

Dilutive Effect of Equity Based Awards

 

 

199,482

 

 

 

124,015

 

 

 

218,449

 

 

 

162,154

 

Weighted Average Common Shares Outstanding - Diluted

 

 

40,080,919

 

 

 

39,869,135

 

 

 

40,088,899

 

 

 

39,872,406

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.53

 

 

$

0.95

 

 

$

4.73

 

 

$

2.81

 

Diluted

 

$

1.52

 

 

$

0.95

 

 

$

4.70

 

 

$

2.80

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Antidilutive Stock Options and Restricted Stock Outstanding

 

 

47,087

 

 

 

108,207

 

 

 

44,217

 

 

 

106,140