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