Earnings per Share

9 Months Ended

Sep. 30, 2019

15. Earnings per Share

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


	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands, except shares and per share amounts)	2019		2018		2019		2018
Numerator:
Net income	$	74,199	$	67,388	$	216,556	$	204,399

Denominator:
Basic: weighted-average shares outstanding		132,583,902		135,466,669		133,957,192		137,643,005
Add: weighted-average equity-based awards		293,867		208,829		274,570		166,568
Diluted: weighted-average shares outstanding		132,877,769		135,675,498		134,231,762		137,809,573

Basic earnings per share	$	0.56	$	0.50	$	1.62	$	1.48
Diluted earnings per share	$	0.56	$	0.50	$	1.61	$	1.48