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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Reconciliation of Number of Shares Used in Calculating Basic and Diluted Earnings per Share

The following table reconciles the number of shares used in calculating the basic and diluted earnings per share for the years ended December 31:

 

(Dollars in thousands, except per share amounts)

 

2018

 

 

2017

 

 

2016

 

Net income

 

$

122,880

 

 

$

86,453

 

 

$

10,938

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

60,533,615

 

 

 

40,824,420

 

 

 

40,797,806

 

Incremental shares due to:

 

 

 

 

 

 

 

 

 

 

 

 

Performance shares

 

 

230,437

 

 

 

362,509

 

 

 

200,164

 

Restricted stock units

 

 

33,969

 

 

 

40,459

 

 

 

35,470

 

Stock portion of earnings and profits distribution

 

 

1,015,698

 

 

 

 

 

 

 

Diluted weighted-average shares outstanding

 

 

61,813,719

 

 

 

41,227,388

 

 

 

41,033,440

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

2.03

 

 

$

2.12

 

 

$

0.27

 

Diluted net income per share

 

$

1.99

 

 

$

2.10

 

 

$

0.27