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Earnings per Share
 9 Months Ended
Sep. 30, 2018
Earnings per Share  
Earnings per Share

16. Earnings per Share

 

For the three and nine months ended September 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 nine months ended September 30, 2018 and 2017, 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)

  

2018

  

2017

  

2018

  

2017

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

67,388

 

$

58,363

 

$

204,399

 

$

171,998

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic: weighted-average shares outstanding

 

 

135,466,669

 

 

139,556,532

 

 

137,643,005

 

 

139,549,665

Add: weighted-average equity-based awards

 

 

208,829

 

 

139,798

 

 

166,568

 

 

120,822

Diluted: weighted-average shares outstanding

 

 

135,675,498

 

 

139,696,330

 

 

137,809,573

 

 

139,670,487

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.50

 

$

0.42

 

$

1.48

 

$

1.23

Diluted earnings per share

 

$

0.50

 

$

0.42

 

$

1.48

 

$

1.23