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Earnings per Share
 12 Months Ended
Dec. 31, 2018
Earnings per Share  
Earnings per Share

20.  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.

 

The computations of basic and diluted earnings per share were as follows for the years ended December 31, 2018, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

(dollars in thousands, except shares and per share amounts)

  

2018

  

2017

    

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net income

 

$

264,394

 

$

183,682

 

$

230,178

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Basic: weighted-average shares outstanding

 

 

136,945,134

 

 

139,560,305

 

 

139,487,762

 

Add: weighted-average equity-based awards

 

 

166,286

 

 

96,688

 

 

4,846

 

Diluted: weighted-average shares outstanding

 

 

137,111,420

 

 

139,656,993

 

 

139,492,608

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.93

 

$

1.32

 

$

1.65

 

Diluted earnings per share

 

$

1.93

 

$

1.32

 

$

1.65