Earnings per Share

12 Months Ended

Dec. 31, 2020

Earnings per Share

Earnings per Share

20. Earnings per Share

For the year ended December 31, 2020, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 410,000 antidilutive securities. For the years ended December 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.

The computations of basic and diluted earnings per share were as follows for the years ended December 31, 2020, 2019 and 2018:

	Year Ended December 31,
(dollars in thousands, except shares and per share amounts)	2020		2019		2018
Numerator:
Net income	$	185,754	$	284,392	$	264,394
Denominator:
Basic: weighted-average shares outstanding		129,890,225		133,076,489		136,945,134
Add: weighted-average equity-based awards		329,852		310,668		166,286
Diluted: weighted-average shares outstanding		130,220,077		133,387,157		137,111,420
Basic earnings per share	$	1.43	$	2.14	$	1.93
Diluted earnings per share	$	1.43	$	2.13	$	1.93