Earnings per Share

9 Months Ended

Sep. 30, 2021

Earnings per Share

Earnings per Share

14. Earnings per Share

For the three and nine months ended September 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 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, 2021 and 2020, 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)	2021		2020		2021		2020
Numerator:
Net income	$	64,279	$	65,101	$	208,713	$	124,015
Denominator:
Basic: weighted-average shares outstanding		128,660,038		129,896,054		129,323,973		129,882,878
Add: weighted-average equity-based awards		550,410		189,480		571,338		246,812
Diluted: weighted-average shares outstanding		129,210,448		130,085,534		129,895,311		130,129,690
Basic earnings per share	$	0.50	$	0.50	$	1.61	$	0.95
Diluted earnings per share	$	0.50	$	0.50	$	1.61	$	0.95