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)	2019		2018
Net income/(loss)	$	103,405	$	94,994
Net income attributable to noncontrolling interest	2,820		2,820
Net income/(loss) attributable to controlling interest	100,585		92,174
Preferred stock dividends	1,550		1,550
Net income/(loss) available to common shareholders	$	99,035	$	90,624

Weighted average common shares outstanding—basic	317,435		326,489
Effect of dilutive securities	2,146		3,855
Weighted average common shares outstanding—diluted	319,581		330,344

Net income/(loss) per share available to common shareholders	$	0.31	$	0.28
Diluted income/(loss) per share available to common shareholders	$	0.31	$	0.27

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)	2019		2018
Stock options excluded from the calculation of diluted EPS	2,613		2,410
Weighted average exercise price of stock options excluded from the calculation of diluted EPS	$	21.77	$	24.83
Other equity awards excluded from the calculation of diluted EPS	1,922		307