Earnings per Share

3 Months Ended

Mar. 31, 2021

Earnings per Share

Earnings per Share

14. Earnings per Share

For the three months ended March 31, 2021 and 2020, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 27,000 and nil antidilutive securities, respectively. For the three months ended March 31, 2021 and 2020, 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)	2021		2020
Numerator:
Net income	$	57,693	$	38,865
Denominator:
Basic: weighted-average shares outstanding		129,933,104		129,895,706
Add: weighted-average equity-based awards		656,774		455,879
Diluted: weighted-average shares outstanding		130,589,878		130,351,585
Basic earnings per share	$	0.44	$	0.30
Diluted earnings per share	$	0.44	$	0.30