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Earnings per Share
 3 Months Ended
Mar. 31, 2018
Earnings per Share  
Earnings per Share

14. Earnings per Share

 

For the three months ended March 31, 2018 and 2017, 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, 2018 and 2017, 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)

  

2018

  

2017

Numerator:

 

 

 

 

 

 

Net income

 

$

67,958

 

$

56,740

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Basic: weighted-average shares outstanding

 

 

139,600,712

 

 

139,545,728

Add: weighted-average equity-based awards

 

 

131,388

 

 

91,682

Diluted: weighted-average shares outstanding

 

 

139,732,100

 

 

139,637,410

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.49

 

$

0.41

Diluted earnings per share

 

$

0.49

 

$

0.41