Earnings Per Share

The following table provides reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding:



	Three Months Ended March 31
(Dollars and shares in thousands, except per share data)	2018		2017
Net income/(loss)	$	94,994	$	58,388
Net income attributable to noncontrolling interest	2,820		2,820
Net income/(loss) attributable to controlling interest	92,174		55,568
Preferred stock dividends	1,550		1,550
Net income/(loss) available to common shareholders	$	90,624	$	54,018

Weighted average common shares outstanding—basic	326,489		233,076
Effect of dilutive securities	3,855		3,779
Weighted average common shares outstanding—diluted	330,344		236,855

Net income/(loss) per share available to common shareholders	$	0.28	$	0.23
Diluted income/(loss) per share available to common shareholders	$	0.27	$	0.23

The following table presents outstanding options and other equity awards that were excluded from the calculation of diluted earnings per share because they were either anti-dilutive (the exercise price was higher than the weighted-average market price for the period) or the performance conditions have not been met:



	Three Months Ended March 31
(Shares in thousands)	2018		2017
Stock options excluded from the calculation of diluted EPS	2,410		2,453
Weighted average exercise price of stock options excluded from the calculation of diluted EPS	$	24.83	$	26.08
Other equity awards excluded from the calculation of diluted EPS	307		99