Earnings per Share

3 Months Ended

Mar. 31, 2022

Earnings per Share

Earnings per Share

13. Earnings per Share

For the three months ended March 31, 2022, 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 months ended March 31, 2021, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 27,000 antidilutive securities. For the three months ended March 31, 2022 and 2021, 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)	2022		2021
Numerator:
Net income	$	57,719	$	57,693
Denominator:
Basic: weighted-average shares outstanding		127,556,242		129,933,104
Add: weighted-average equity-based awards		564,884		656,774
Diluted: weighted-average shares outstanding		128,121,126		130,589,878
Basic earnings per share	$	0.45	$	0.44
Diluted earnings per share	$	0.45	$	0.44