Net Income Per Share

9 Months Ended

Sep. 30, 2019

NET INCOME PER SHARE

Basic net income per share is computed by dividing net income by the weighted-average shares outstanding during the reporting period. Diluted net income per share is computed by dividing net income by the combination of the weighted-average shares outstanding during the reporting period and all potentially dilutive common shares. Potentially dilutive common shares include stock options and RSAs issued under the Corporation's share-based compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per share in the periods where the effect would be antidilutive.

The following table reconciles basic and diluted net income per share for the three and nine months ended September 30, 2019 and 2018.



	Three Months Ended September 30,
	2019					2018
	Net Income		Weighted-Average Shares	Per Share Amount		Net Income		Weighted-Average Shares	Per Share Amount
Net income available to common stockholders	$	36,757	51,433,227	$	0.71	$	41,113	49,286,945	$	0.83
Effect of potentially dilutive stock options and restricted stock awards			136,330					205,074
Diluted net income per share	$	36,757	51,569,557	$	0.71	$	41,113	49,492,019	$	0.83



	Nine Months Ended September 30,
	2019					2018
	Net Income		Weighted-Average Shares	Per Share Amount		Net Income		Weighted-Average Shares	Per Share Amount
Net income available to common stockholders	$	116,630	50,085,701	$	2.33	$	117,426	49,244,403	$	2.38
Effect of potentially dilutive stock options and restricted stock awards			141,679					213,782
Diluted net income per share	$	116,630	50,227,380	$	2.32	$	117,426	49,458,185	$	2.37

For the three and nine months ended September 30, 2019 and 2018, there were no stock options with an option price greater than the average market price of the common shares.