Earnings per Share

6 Months Ended

Jun. 30, 2019

Earnings per Share

15. Earnings per Share

For the three and six months ended June 30, 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 and six months ended June 30, 2019 and 2018, the computations of basic and diluted earnings per share were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands, except shares and per share amounts)	2019		2018		2019		2018
Numerator:
Net income	$	72,433	$	69,053	$	142,357	$	137,011
Denominator:
Basic: weighted-average shares outstanding		134,420,380		137,907,063		134,655,217		138,749,209
Add: weighted-average equity-based awards		231,628		158,816		269,114		142,746
Diluted: weighted-average shares outstanding		134,652,008		138,065,879		134,924,331		138,891,955
Basic earnings per share	$	0.54	$	0.50	$	1.06	$	0.99
Diluted earnings per share	$	0.54	$	0.50	$	1.06	$	0.99