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Earnings Per Share
12 Months Ended
Dec. 31, 2015
Earnings Per Share  
Earnings Per Share

 

(20) Earnings Per Share

        The following is a reconciliation of the basic and diluted earnings per share computations (dollars in thousands, except per share amounts):

                                                                                                                                                                                    

 

 

2015

 

2014

 

2013

 

Net income for basic and diluted earnings per share

 

$

91,570 

 

$

50,892 

 

$

31,085 

 

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Shares of common stock and common stock equivalents:

 

 

 

 

 

 

 

 

 

 

Weighted average shares—basic

 

 

33,907 

 

 

35,349 

 

 

36,788 

 

Effect of dilutive securities

 

 

908 

 

 

1,016 

 

 

1,326 

 

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Weighted average shares—diluted

 

 

34,815 

 

 

36,365 

 

 

38,114 

 

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Earnings per share:

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.70 

 

$

1.44 

 

$

0.84 

 

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Diluted

 

$

2.63 

 

$

1.40 

 

$

0.82 

 

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        At December 31, 2015 and 2014, approximately 0.1 million and 0.4 million share equivalents (based on the treasury stock method), respectively, were not included in the computation of diluted earnings per share because their effects would have been anti-dilutive.