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Earnings per Share
 3 Months Ended
Mar. 31, 2017
Earnings per Share  
Earnings per Share

12. Earnings per Share

 

For the three months ended March 31, 2017 and 2016, the Company made no adjustments to net income for the purpose of computing earnings per share and there were no antidilutive securities. For the three months ended March 31, 2017 and 2016, the computations of basic and diluted earnings per share were as follows:

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

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

    

2017

    

2016

 

Numerator:

 

 

 

 

 

 

 

Net income

 

$

56,740

 

$

65,531

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Basic: weighted-average shares outstanding

 

 

139,545,728

 

 

139,459,620

 

Add: weighted-average equity-based awards

 

 

91,682

 

 

 —

 

Diluted: weighted-average shares outstanding

 

 

139,637,410

 

 

139,459,620

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.41

 

$

0.47

 

Diluted earnings per share

 

$

0.41

 

$

0.47