Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2018

Computation Of Basic And Diluted Earnings (Loss) Per Common Share

The following is a computation of basic and diluted earnings per common share for the three months ended March 31, 2018 and 2017:



(in thousands, except per share data)	Three Months Ended
	March 31, 2018		March 31, 2017
NUMERATORS:
Net income	$	77,669	$	46,003
Less:
Dividends and undistributed earnings allocated to participating securities (1)	6		12
Net earnings available to common shareholders	$	77,663	$	45,991
DENOMINATORS:
Weighted average number of common shares outstanding - basic	220,370		220,287
Effect of potentially dilutive common shares (2)	455		492
Weighted average number of common shares outstanding - diluted	220,825		220,779
EARNINGS PER COMMON SHARE:
Basic	$	0.35	$	0.21
Diluted	$	0.35	$	0.21


(1)	Represents dividends paid and undistributed earnings allocated to certain nonvested restricted stock awards.


(2)	Represents the effect of the assumed exercise of stock options, vesting of non-participating restricted shares, and vesting of restricted stock units, based on the treasury stock method.

Schedule Of Weighted Average Outstanding Securities Not Included In The Computation Of Diluted Earnings Per Common Share

The following table presents the weighted average outstanding securities that were not included in the computation of diluted earnings per common share because their effect would be anti-dilutive for the three months ended March 31, 2018 and 2017.



(in thousands)	Three Months Ended
	March 31, 2018	March 31, 2017
Stock options	—	36