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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

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

    

2017

    

2016

    

2017

    

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

56,895

 

$

54,860

 

$

113,635

 

$

120,391

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic: weighted-average shares outstanding

 

 

139,546,615

 

 

139,459,620

 

 

139,546,174

 

 

139,459,620

 

Add: weighted-average equity-based awards

 

 

99,502

 

 

 —

 

 

98,383

 

 

 —

 

Diluted: weighted-average shares outstanding

 

 

139,646,117

 

 

139,459,620

 

 

139,644,557

 

 

139,459,620

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.41

 

$

0.39

 

$

0.81

 

$

0.86

 

Diluted earnings per share

 

$

0.41

 

$

0.39

 

$

0.81

 

$

0.86