Net Income Per Common Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income Per Common Share

(10) NET INCOME PER COMMON SHARE

Basic and diluted net income per common share are calculated as follows:

	Income (Numerator)		Shares (Denominator)		Per Share Amount
	(Dollars in thousands, except per share data)
Three Months Ended June 30, 2022
Basic
Income available to common stockholders	$	44,707		32,749,752	$	1.36
Dilutive effect of stock options		—		668,730
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	44,707		33,418,482	$	1.34
Three Months Ended June 30, 2021
Basic
Income available to common stockholders	$	48,192		32,779,227	$	1.47
Dilutive effect of stock options		—		626,696
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	48,192		33,405,923	$	1.45
Six Months Ended June 30, 2022
Basic
Income available to common stockholders	$	80,622		32,708,563	$	2.46
Dilutive effect of stock options		—		658,236
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	80,622		33,366,799	$	2.42
Six Months Ended June 30, 2021
Basic
Income available to common stockholders	$	90,712		32,768,102	$	2.77
Dilutive effect of stock options		—		639,591
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	90,712		33,407,693	$	2.72

The following table shows the number and average exercise price of options that were excluded from the computation of diluted net income per common share for each period because the options were anti-dilutive for the period:

	Shares
Three Months Ended June 30, 2022		122,489
Three Months Ended June 30, 2021		43,093
Six Months Ended June 30, 2022		131,779
Six Months Ended June 30, 2021		108,055