Net Income Per Common Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Net Income Per Common Share

(16) 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)
Year Ended December 31, 2022
Basic
Income available to common stockholders	$	193,100		32,778,355	$	5.89
Dilutive effect of stock options		—		661,141
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	193,100		33,439,496	$	5.77
Year Ended December 31, 2021
Basic
Income available to common stockholders	$	167,630		32,716,099	$	5.12
Dilutive effect of stock options		—		598,047
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	167,630		33,314,146	$	5.03
Year Ended December 31, 2020
Basic
Income available to common stockholders	$	99,586		32,672,522	$	3.05
Dilutive effect of stock options		—		538,430
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	99,586		33,210,952	$	3.00

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 year because the options were anti-dilutive for the period.

	Shares		Average Exercise Price
December 31, 2022		155,316	$	83.79
December 31, 2021		189,780		60.33
December 31, 2020		402,575		52.72