Earnings per Share

3 Months Ended

Mar. 31, 2020

Earnings per Share

Earnings per Share

15. Earnings per Share

For the three months ended March 31, 2020 and 2019, 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, 2020 and 2019, 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)	2020		2019
Numerator:
Net income	$	38,865	$	69,924
Denominator:
Basic: weighted-average shares outstanding		129,895,706		134,879,336
Add: weighted-average equity-based awards		455,879		319,009
Diluted: weighted-average shares outstanding		130,351,585		135,198,345
Basic earnings per share	$	0.30	$	0.52
Diluted earnings per share	$	0.30	$	0.52