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Earnings per Share
 9 Months Ended
Sep. 30, 2017
Earnings per Share  
Earnings per Share

12. Earnings per Share

 

For the three and nine months ended September 30, 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 and nine months ended September 30, 2017 and 2016, the computations of basic and diluted earnings per share were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30, 

 

September 30, 

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

    

2017

    

2016

    

2017

    

2016

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

58,363

 

$

53,235

 

$

171,998

 

$

173,626

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic: weighted-average shares outstanding

 

 

139,556,532

 

 

139,500,542

 

 

139,549,665

 

 

139,473,360

Add: weighted-average equity-based awards

 

 

139,798

 

 

3,016

 

 

120,822

 

 

1,013

Diluted: weighted-average shares outstanding

 

 

139,696,330

 

 

139,503,558

 

 

139,670,487

 

 

139,474,373

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.42

 

$

0.38

 

$

1.23

 

$

1.24

Diluted earnings per share

 

$

0.42

 

$

0.38

 

$

1.23

 

$

1.24