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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

(dollars in thousands, except shares and per share amounts)

    

2016

    

2015

    

2016

    

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

53,235

 

$

54,889

 

$

173,626

 

$

163,569

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic: weighted-average shares outstanding

 

 

139,500,542

 

 

139,459,620

 

 

139,473,360

 

 

139,459,620

 

Add: weighted-average equity-based awards

 

 

3,016

 

 

 —

 

 

1,013

 

 

 —

 

Diluted: weighted-average shares outstanding

 

 

139,503,558

 

 

139,459,620

 

 

139,474,373

 

 

139,459,620

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.38

 

$

0.39

 

$

1.24

 

$

1.17

 

Diluted earnings per share

 

$

0.38

 

$

0.39

 

$

1.24

 

$

1.17