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 year ended December 31, 2015, 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 the period presented.

The computations of basic and diluted earnings per share were as follows for the years ended December 31, 2017, 2016 and 2015:


	Year Ended December 31,
(dollars in thousands, except shares and per share amounts)	2017		2016		2015
Numerator:
Net income	$	183,682	$	230,178	$	213,780

Denominator:
Basic: weighted-average shares outstanding		139,560,305		139,487,762		139,459,620
Add: weighted-average equity-based awards		96,688		4,846		—
Diluted: weighted-average shares outstanding		139,656,993		139,492,608		139,459,620

Basic earnings per share	$	1.32	$	1.65	$	1.53
Diluted earnings per share	$	1.32	$	1.65	$	1.53