| Schedule of reconciliation of the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS |
The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three and six months ended June 30, 2019 and 2018: | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2019 | | 2018 | | 2019 | | 2018 | | (in thousands) | Determination of shares: | |
| | |
| | |
| | |
| Weighted-average common shares outstanding | 214,664 |
| | 213,579 |
| | 214,645 |
| | 213,442 |
| Assumed conversion of dilutive employee stock-based awards | — |
| | 262 |
| | — |
| | 325 |
| Assumed conversion of restricted stock awards | 103 |
| | 62 |
| | 80 |
| | 50 |
| Assumed conversion of performance-based restricted stock awards | 838 |
| | 658 |
| | 795 |
| | 689 |
| Diluted weighted-average common shares outstanding | 215,605 |
| | 214,561 |
| | 215,520 |
| | 214,506 |
|
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| Schedule of calculation of basic and diluted EPS for the Company's common stock |
The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three and six months ended June 30, 2019 and 2018: | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2019 | | 2018 | | 2019 | | 2018 | | (in thousands, except per share and share data) | Calculation of basic EPS: | |
| | |
| | |
| | |
| Net income | $ | 93,033 |
| | $ | 91,998 |
| | $ | 186,043 |
| | $ | 188,770 |
| Less: Net income allocated to participating securities | (146 | ) | | (129 | ) | | (291 | ) | | (265 | ) | Net income attributable to common shareholders | $ | 92,887 |
| | $ | 91,869 |
| | $ | 185,752 |
| | $ | 188,505 |
| Weighted-average common shares outstanding | 214,664 |
| | 213,579 |
| | 214,645 |
| | 213,442 |
| Basic EPS | $ | 0.43 |
| | $ | 0.43 |
| | $ | 0.87 |
| | $ | 0.88 |
| | | | | | | | | Calculation of diluted EPS: | |
| | |
| | |
| | |
| Net income | $ | 93,033 |
| | $ | 91,998 |
| | $ | 186,043 |
| | $ | 188,770 |
| Diluted weighted-average common shares outstanding | 215,605 |
| | 214,561 |
| | 215,520 |
| | 214,506 |
| Diluted EPS | $ | 0.43 |
| | $ | 0.43 |
| | $ | 0.86 |
| | $ | 0.88 |
| | | | | | | | | Antidilutive securities excluded from the computation of diluted earnings per share (in shares) | — |
| | 169,324 |
| | 1,397 |
| | 195,529 |
|
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