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Basic and Diluted Net Income Per Common Share
 3 Months Ended
Mar. 31, 2016
Basic and Diluted Net Income Per Common Share  
Basic and Diluted Net Income Per Common Share

 

9.   Basic and Diluted Net Income Per Common Share

 

Computation of basic and diluted net income per common share is performed as follows:

 

 

 

Three Months Ended March 31,

 

(Dollars in thousands, except per share amounts)

 

2016

 

2015

 

Net income available to common stockholders

 

$
5,458 

 

$
11,061 

 

 

 

 

 

 

 

Weighted Average Shares Outstanding

 

 

 

 

 

Basic

 
50,308,295 

 
52,450,994 

 

Effect of Dilutive Securities

 
732,355 

 
879,268 

 

 

 

 

 

 

 

Diluted

 
51,040,650 

 
53,330,262 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$
0.11 

 

$
0.21 

 

Diluted net income per common share

 

$
0.11 

 

$
0.21 

 

 

For the three months ended March 31, 2016 and 2015, there were 1,312,136 and 818,825 stock based compensation awards, respectively, that were excluded from the dilutive calculations as the effect would have been antidilutive.