Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Common Share

The computation of basic and diluted earnings per common share is as follows:    

	Three Months Ended
	March 31,
(in thousands, except per share amounts)	2020			2019
Computation of Basic Earnings Per Share:
Numerator:
Net income	$	55,463		$	30,081
Income allocated to participating securities	(317		)	(179		)
Net income available to common shareholders	$	55,146		$	29,902
Denominator:
Weighted average common shares outstanding – basic	55,343			55,347
Basic earnings per share	$	1.00		$	0.54
Computation of Diluted Earnings Per Share:
Numerator:
Net income	$	55,463		$	30,081
Income allocated to participating securities	(316		)	(179		)
Net income available to common shareholders	$	55,147		$	29,902
Denominator:
Weighted average common shares outstanding – basic	55,343			55,347
Diluted effect of stock options and PVRSUs	334			310
Weighted average common shares outstanding – diluted	55,677			55,657
Diluted earnings per share	$	0.99		$	0.54