Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Reconciliation Of Earnings/(Loss) Per Common And Diluted 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 September 30				Nine Months Ended September 30
(Dollars and shares in thousands, except per share data)	2018		2017		2018		2017
Net income/(loss)	$	274,716	$	71,769	$	455,702	$	225,361
Net income attributable to noncontrolling interest	2,883		2,883		8,555		8,555
Net income/(loss) attributable to controlling interest	271,833		68,886		447,147		216,806
Preferred stock dividends	1,550		1,550		4,650		4,650
Net income/(loss) available to common shareholders	$	270,283	$	67,336	$	442,497	$	212,156

Weighted average common shares outstanding—basic	324,406		233,749		325,341		233,438
Effect of dilutive securities	2,846		2,591		3,304		2,934
Weighted average common shares outstanding—diluted	327,252		236,340		328,645		236,372

Net income/(loss) per share available to common shareholders	$	0.83	$	0.29	$	1.36	$	0.91
Diluted income/(loss) per share available to common shareholders	$	0.83	$	0.28	$	1.35	$	0.90

Schedule of Anti-Dilutive Options and Awards

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 September 30				Nine Months Ended September 30
(Shares in thousands)	2018		2017		2018		2017
Stock options excluded from the calculation of diluted EPS	2,251		2,595		2,316		2,490
Weighted average exercise price of stock options excluded from the calculation of diluted EPS	$	23.67	$	25.00	$	24.43	$	25.70
Other equity awards excluded from the calculation of diluted EPS	1,605		1,002		538		325