. Earnings per Share

Basic earnings per share exclude

s dilution and is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and resulted in the issuance of common stock that then shared in earnings. Outstanding stock options with anti-dilutive effect were

not

included in the computation of diluted earnings per share. The following table sets forth earnings per common share calculations:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands, except share and per share data)	2017		2016		2017		2016
Net income	$	51,415	$	34,831	$	100,356	$	80,994

Weighted-average shares:
Basic weighted-average number of common shares outstanding		79,840,188		78,846,237		79,772,268		79,290,378
Dilutive effect of weighted-average outstanding common share equivalents
Warrants		410,677		539,201		413,626		495,785
Options		24,169		92,455		29,002		87,737
Restricted stock units		287,573		141,990		273,410		132,966
Diluted weighted-average number of common shares outstanding		80,562,607		79,619,883		80,488,306		80,006,866

Average stock options and warrants with anti-dilutive effect		0		177,642		9,895		268,593
Earnings per common share:
Basic	$	0.64	$	0.44	$	1.26	$	1.02
Diluted	$	0.64	$	0.44	$	1.25	$	1.01