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Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings per Share  
Schedule of computations 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)

  

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