Computation Of Basic And Diluted Earnings Per Share |
The following table summarizes the Company’s computation of basic and diluted earnings per share (EPS) for the three and nine months ended September 30, 2018 and 2017 (amounts in thousands except per share information): | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2018 | | Nine Months Ended September 30, 2018 | | Income (numerator) | | Shares (denominator) | | Per Share Amount | | Income (numerator) | | Shares (denominator) | | Per Share Amount | Basic EPS: | | | | | | | | | | | | Net income | $ | 91,833 |
| | | | | | $ | 212,952 |
| | | | | Less: preferred dividend requirements | (6,036 | ) | | | | | | (18,108 | ) | | | | | Net income available to common shareholders | $ | 85,797 |
| | 74,345 |
| | $ | 1.15 |
| | $ | 194,844 |
| | 74,274 |
| | $ | 2.62 |
| Diluted EPS: | | | | | | | | | | | | Net income available to common shareholders | $ | 85,797 |
| | 74,345 |
| | | | $ | 194,844 |
| | 74,274 |
| | | Effect of dilutive securities: | | | | | | | | | | | | Share options | — |
| | 59 |
| | | | — |
| | 42 |
| | | Net income available to common shareholders | $ | 85,797 |
| | 74,404 |
| | $ | 1.15 |
| | $ | 194,844 |
| | 74,316 |
| | $ | 2.62 |
|
| | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2017 | | Nine Months Ended September 30, 2017 | | Income (numerator) | | Shares (denominator) | | Per Share Amount | | Income (numerator) | | Shares (denominator) | | Per Share Amount | Basic EPS: | | | | | | | | | | | | Net income | $ | 62,954 |
| | | | | | $ | 197,405 |
| | | | | Less: preferred dividend requirements | (5,951 | ) | | | | | | (17,855 | ) | | | | | Net income available to common shareholders | $ | 57,003 |
| | 73,663 |
| | $ | 0.77 |
| | $ | 179,550 |
| | 70,320 |
| | $ | 2.55 |
| Diluted EPS: | | | | | | | | | | | | Net income available to common shareholders | $ | 57,003 |
| | 73,663 |
| | | | $ | 179,550 |
| | 70,320 |
| | | Effect of dilutive securities: | | | | | | | | | | | | Share options | — |
| | 61 |
| | | | — |
| | 65 |
| | | Net income available to common shareholders | $ | 57,003 |
| | 73,724 |
| | $ | 0.77 |
| | $ | 179,550 |
| | 70,385 |
| | $ | 2.55 |
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