. 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 September 30,				Nine months ended September 30,
(Dollars in thousands, except share and per share data)	2017		2016		2017		2016
Net income	$	49,746	$	46,090	$	150,102	$	127,084

Weighted-average shares:
Basic weighted-average number of common shares outstanding		80,665,398		78,865,860		80,073,249		79,147,839
Dilutive effect of weighted-average outstanding common share equivalents
Warrants		399,957		569,949		409,019		520,686
Options		19,221		95,850		25,706		90,461
Restricted stock units		320,278		165,410		289,205		143,860
Diluted weighted-average number of common shares outstanding		81,404,854		79,697,069		80,797,179		79,902,846

Average stock options and warrants with anti-dilutive effect		0		207,183		6,561		247,974
Earnings per common share:
Basic	$	0.62	$	0.58	$	1.87	$	1.61
Diluted	$	0.61	$	0.58	$	1.86	$	1.59