EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

The following table presents the information used to compute basic and diluted earnings per common share for the periods indicated:



	Three Months Ended March 31,
(dollars in thousands, except per share data)	2016		2015
Net income	$	11,181	$	10,395

Weighted average shares outstanding - basic	31,263,433		34,827,141
Dilutive effect of employee stock options and awards	242,874		651,488
Weighted average shares outstanding - diluted	31,506,307		35,478,629

Basic earnings per share	$	0.36	$	0.30
Diluted earnings per share	$	0.35	$	0.29

A total of 28,135 potentially dilutive securities have been excluded from the dilutive share calculation for the three months ended March 31, 2016, as their effect was anti-dilutive, compared to 13,472 for the three months ended March 31, 2015.