Earnings per Share

6 Months Ended

Jun. 30, 2018

Earnings per Share

Earnings per Share

15. Earnings per Share

For the three and six months ended June 30, 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 and six months ended June 30, 2018 and 2017, the computations of basic and diluted earnings per share were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars inthousands, except shares and per share amounts)	2018		2017		2018		2017
Numerator:
Net income	$	69,053	$	56,895	$	137,011	$	113,635
Denominator:
Basic: weighted-average shares outstanding		137,907,063		139,546,615		138,749,209		139,546,174
Add: weighted-average equity-based awards		158,816		99,502		142,746		98,383
Diluted: weighted-average shares outstanding		138,065,879		139,646,117		138,891,955		139,644,557
Basic earnings per share	$	0.50	$	0.41	$	0.99	$	0.81
Diluted earnings per share	$	0.50	$	0.41	$	0.99	$	0.81