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Earnings Per Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following table presents the computations of basic and diluted net earnings per share for the periods indicated:
 
Three Months Ended
 
March 31,
 
December 31,
 
March 31,
 
2019
 
2018
 
2018
 
(Dollars in thousands, except per share data)
Basic Earnings Per Share:
 
 
 
 
 
Net earnings
$
112,604

 
$
115,041

 
$
118,276

Less: Earnings allocated to unvested restricted stock(1)
(1,163
)
 
(1,219
)
 
(1,115
)
Net earnings allocated to common shares
$
111,441

 
$
113,822

 
$
117,161

 
 
 
 
 
 
Weighted-average basic shares and unvested restricted
 
 
 
 
 
stock outstanding
122,227

 
123,238

 
127,487

Less: Weighted-average unvested restricted stock
 
 
 
 
 
outstanding
(1,352
)
 
(1,426
)
 
(1,413
)
Weighted-average basic shares outstanding
120,875

 
121,812

 
126,074

 
 
 
 
 
 
Basic earnings per share
$
0.92

 
$
0.93

 
$
0.93

 
 
 
 
 
 
Diluted Earnings Per Share:
 
 
 
 
 
Net earnings allocated to common shares
$
111,441

 
$
113,822

 
$
117,161

 
 
 
 
 
 
Weighted-average basic shares outstanding
120,875

 
121,812

 
126,074

 
 
 
 
 
 
Diluted earnings per share
$
0.92

 
$
0.93

 
$
0.93


________________________
(1)
Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.