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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Net Income Per Common Share The following table displays a reconciliation of the information used in calculating basic and diluted net income per common share for the three months ended March 31, 2019 and 2018.

 

 

 

Three Months Ended March 31,

 

(In thousands, except per share data)

 

2019

 

 

2018

 

Net income per consolidated statements of income

 

$

58,201

 

 

$

38,825

 

Net income allocated to participating securities

 

 

(173

)

 

 

—

 

Net income allocated to common stock

 

$

58,028

 

 

$

38,825

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (Basic)

 

 

130,485,521

 

 

 

83,625,000

 

Weighted average dilutive restricted stock units

 

 

63,798

 

 

 

1,049,807

 

Weighted average common shares outstanding (Diluted)

 

 

130,549,319

 

 

 

84,674,807

 

 

 

 

 

 

 

 

 

 

Earnings per common share (Basic)

 

$

0.44

 

 

$

0.46

 

Earnings per common share (Diluted)

 

$

0.44

 

 

$

0.46