Earnings Per Share

12 Months Ended

Dec. 31, 2016

NOTE 11. EARNINGS PER SHARE

The following is a reconciliation of the basic and diluted EPS computations for the years ended December 31, 2016, 2015 and 2014:

	Years Ended December 31,
amounts in thousands, except share and per share amounts	2016		2015		2014
Net income	$	82,726	$	81,057	$	95,329
Basic weighted average shares⁽¹⁾		29,073,803		28,785,044		28,519,536
Effect of common stock equivalents:
Assumed exercise of stock options and vesting of stock grants		957,806		866,446		773,202
Diluted weighted average shares		30,031,609		29,651,490		29,292,738
Net income per common share:
Basic	$	2.85	$	2.82	$	3.34
Diluted	$	2.75	$	2.73	$	3.25

(1) - We completed a two-for-one stock split on January 20, 2017. All share and per share data has been retroactively restated on a post-split basis.