Net Income Per Common Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Net Income Per Common Share

(9) 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, 2023
Basic
Income available to common stockholders	$	55,010		32,920,497	$	1.67
Dilutive effect of stock options		—		546,757
Diluted
Income available to common stockholders plus assumed exercises of stock options	$	55,010		33,467,254	$	1.64
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
Six Months Ended June 30, 2023
Basic
Income available to common stockholders	$	112,543		32,906,753	$	3.42
Dilutive effect of stock options		—		559,178
Diluted
Income available to common stockholders plus    assumed exercises of stock options	$	112,543		33,465,931	$	3.36
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

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 June 30, 2023		305,407
Three Months Ended June 30, 2022		122,489
Six Months Ended June 30, 2023		307,608
Six Months Ended June 30, 2022		131,779