EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings per share:



	Three months ended				Six months ended
	June 30,				June 30,
(Dollars in thousands, except per share data)	2017		2016		2017		2016
Numerator
Net income available to common shareholders	$	22,736	$	22,568	$	47,150	$	42,382

Denominator
Basic earnings per common share - weighted average shares	61,543,478		61,194,254		61,471,347		61,115,525
Effect of dilutive securities
Employee stock awards	625,031		763,206		649,706		734,493
Warrants	65,513		69,548		66,420		62,348
Diluted earnings per common share - adjusted weighted average shares	62,234,022		62,027,008		62,187,473		61,912,366

Earnings per share available to common shareholders
Basic	$	0.37	$	0.37	$	0.77	$	0.69
Diluted	$	0.37	$	0.36	$	0.76	$	0.68

Warrants to purchase 112,233 and 177,527 shares of the Company's common stock were outstanding as of June 30, 2017 and 2016, respectively. These warrants, each representing the right to purchase one share of common stock, no par value per share, have an exercise price of $12.12 and expire on December 23, 2018.

Stock options and warrants with exercise prices greater than the average market price of the common shares were not included in the computation of net income per diluted share, as they would have been antidilutive. Using the end of period price, there were no antidilutive options at June 30, 2017 and June 30, 2016.