Earnings per Share

12 Months Ended

Dec. 31, 2016

19. Earnings per Share

The Company made no adjustments to net income for the purposes of computing earnings per share and there were no antidilutive securities. For the year ended December 31, 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 such shares outstanding following the Reorganization Transactions through December 31, 2016. For the years ended December 31, 2015 and 2014, 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 years ended December 31, 2016, 2015 and 2014:


	Year Ended
	December 31,
(dollars in thousands, except shares and per share amounts)	2016		2015		2014
Numerator:
Net income	$	230,178	$	213,780	$	216,672

Denominator:
Basic: weighted-average shares outstanding		139,487,762		139,459,620		139,459,620
Add: weighted-average equity-based awards		4,846		—		—
Diluted: weighted-average shares outstanding		139,492,608		139,459,620		139,459,620

Basic earnings per share	$	1.65	$	1.53	$	1.55
Diluted earnings per share	$	1.65	$	1.53	$	1.55