Net Income Per Common Share

9 Months Ended

Sep. 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 September 30, 2022
Basic
Income available to common stockholders	$	55,352		32,825,931	$	1.69
Dilutive effect of stock options		—		710,627
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	55,352		33,536,558	$	1.65
Three Months Ended September 30, 2021
Basic
Income available to common stockholders	$	38,750		32,744,104	$	1.18
Dilutive effect of stock options		—		523,851
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	38,750		33,267,955	$	1.16
Nine Months Ended September 30, 2022
Basic
Income available to common stockholders	$	135,974		32,748,116	$	4.15
Dilutive effect of stock options		—		681,045
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	135,974		33,429,161	$	4.07
Nine Months Ended September 30, 2021
Basic
Income available to common stockholders	$	129,462		32,760,015	$	3.95
Dilutive effect of stock options		—		598,822
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	129,462		33,358,837	$	3.88

The following table shows the number 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 September 30, 2022		184,707
Three Months Ended September 30, 2021		533,701
Nine Months Ended September 30, 2022		149,669
Nine Months Ended September 30, 2021		161,690