NET INCOME PER COMMON SHARE

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

The calculation of net income per common share for the periods indicated is presented in the following table:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and amounts in thousands, except per share data)	2020		2019		2020		2019
Net income	$	44,642	$	29,383	$	40,291	$	87,976
Distributed and undistributed earnings allocated to participating securities	373		186		317		570
Net income attributable to common shareholders	$	44,269	$	29,197	$	39,974	$	87,406
Total weighted average outstanding shares	47,415		35,850		43,261		35,829
Less: Weighted average participating securities	397		228		355		237
Basic weighted average common shares	47,018		35,622		42,906		35,592
Dilutive weighted average common stock equivalents	157		50		165		50
Diluted weighted average common shares	47,175		35,672		43,071		35,642
Basic net income per common share	$	0.94	$	0.82	$	0.93	$	2.46
Diluted net income per common share	$	0.94	$	0.82	$	0.93	$	2.45
Anti-dilutive shares	37		8		22		10