Earnings per Share

3 Months Ended

Mar. 31, 2019

14. Earnings per Share

For the three months ended March 31, 2019 and 2018, 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, 2019 and 2018, 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)	2019		2018
Numerator:
Net income	$	69,924	$	67,958

Denominator:
Basic: weighted-average shares outstanding		134,879,336		139,600,712
Add: weighted-average equity-based awards		319,009		131,388
Diluted: weighted-average shares outstanding		135,198,345		139,732,100

Basic earnings per share	$	0.52	$	0.49
Diluted earnings per share	$	0.52	$	0.49