Earnings per Share

6 Months Ended

Jun. 30, 2016

Earnings per Share

Earnings per Share

13. Earnings per Share

The Company made no adjustments to net income for the purposes of computing earnings per share and there were no dilutive or antidilutive securities. For the three and six month periods ended June 30, 2016, basic and diluted earnings per share were computed using the number of shares of common stock outstanding immediately following the Reorganization Transactions on April 1, 2016, as if such shares were outstanding for the entire period prior to the Reorganization Transactions, plus the weighted average number of shares of such shares outstanding following the Reorganization Transactions through June 30, 2016. For the three and six month periods ended June 30, 2015, basic and diluted earnings per share were computed using the number of shares of common stock outstanding immediately following the Reorganization Transactions, as if the Company had operated as a stand-alone entity for all periods presented.

The computation of basic and diluted earnings per share were as follows for the periods indicated:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars inthousands, except per share amounts)	2016		2015		2016		2015
Net income	$	54,860	$	54,558	$	120,391	$	108,680
Basic and diluted weighted-average shares outstanding		139,459,620		139,459,620		139,459,620		139,459,620
Basic earnings per share	$	0.39	$	0.39	$	0.86	$	0.78
Diluted earnings per share	$	0.39	$	0.39	$	0.86	$	0.78