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Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

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