Earnings per Share

9 Months Ended

Sep. 30, 2020

Earnings per Share

Earnings per Share

15. Earnings per Share

For the three and nine months ended September 30, 2020, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 353,000 and 352,000 antidilutive securities, respectively. For the three and nine months ended September 30, 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 and nine months ended September 30, 2020 and 2019, 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)	2020		2019		2020		2019
Numerator:
Net income	$	65,101	$	74,199	$	124,015	$	216,556
Denominator:
Basic: weighted-average shares outstanding		129,896,054		132,583,902		129,882,878		133,957,192
Add: weighted-average equity-based awards		189,480		293,867		246,812		274,570
Diluted: weighted-average shares outstanding		130,085,534		132,877,769		130,129,690		134,231,762
Basic earnings per share	$	0.50	$	0.56	$	0.95	$	1.62
Diluted earnings per share	$	0.50	$	0.56	$	0.95	$	1.61