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Earnings Per Common Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The following is a computation of basic and diluted earnings per common share for the three months ended March 31, 2019 and 2018:



(in thousands, except per share data)	Three Months Ended
	March 31, 2019				March 31, 2018
Net income	$	74,033			$	78,972

Weighted average number of common shares outstanding - basic	220,366				220,370
Effect of potentially dilutive common shares ⁽¹⁾	289				455
Weighted average number of common shares outstanding - diluted	220,655				220,825
EARNINGS PER COMMON SHARE:
Basic	$	0.34			$	0.36
Diluted	$	0.34			$	0.36


⁽¹⁾	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.