Earnings per Share

6 Months Ended

Jun. 30, 2021

Earnings per Share

Earnings per Share

14. Earnings per Share

For the three and six months ended June 30, 2021, 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 six months ended June 30, 2020, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 537,000 and 513,000 antidilutive securities, respectively. For the three and six months ended June 30, 2021 and 2020, the computations of basic and diluted earnings per share were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands, except shares and per share amounts)	2021		2020		2021		2020
Numerator:
Net income	$	86,741	$	20,049	$	144,434	$	58,914
Denominator:
Basic: weighted-average shares outstanding		129,392,339		129,856,730		129,661,228		129,876,218
Add: weighted-average equity-based awards		436,508		148,465		503,534		287,504
Diluted: weighted-average shares outstanding		129,828,847		130,005,195		130,164,762		130,163,722
Basic earnings per share	$	0.67	$	0.15	$	1.11	$	0.45
Diluted earnings per share	$	0.67	$	0.15	$	1.11	$	0.45