NET INCOME PER COMMON SHARE

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

The calculation of net income per common share for the years ended December 31 is presented in the following table:

(Dollars and amounts in thousands, except per share data)	2022		2021		2020
Net income	$	166,299	$	235,107	$	96,953
Less: Distributed and undistributed earnings allocated to participating securities	(681)		(1,508)		(783)
Net income attributable to common shareholders	$	165,618	$	233,599	$	96,170
Total weighted average outstanding shares	45,049		46,995		44,312
Less: Weighted average participating securities	(186)		(304)		(365)
Basic weighted average common shares	44,863		46,691		43,947
Dilutive weighted average common stock equivalents	176		208		185
Diluted weighted average common shares	45,039		46,899		44,132
Basic net income per common share	$	3.69	$	5.00	$	2.19
Diluted net income per common share	$	3.68	$	4.98	$	2.18
Anti-dilutive shares	9		—		17