Earnings Per Common Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2019 and 2018: 

(in thousands, except per share data)	Three Months Ended				Six Months Ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Net income	$	111,810	$	65,999	$	185,843	$	144,971
Weighted average number of common shares outstanding - basic	220,487		220,283		220,427		220,326
Effect of potentially dilutive common shares (1)	232		364		265		434
Weighted average number of common shares outstanding - diluted	220,719		220,647		220,692		220,760
EARNINGS PER COMMON SHARE:
Basic	$	0.51	$	0.30	$	0.84	$	0.66
Diluted	$	0.51	$	0.30	$	0.84	$	0.66

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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.