Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30				Six Months Ended June 30
(Dollars and shares in thousands, except per share data)	2020		2019		2020		2019
Net income/(loss)	$	56,665	$	113,742	$	73,137	$	217,147
Net income attributable to noncontrolling interest	2,851		2,852		5,703		5,672
Net income/(loss) attributable to controlling interest	53,814		110,890		67,434		211,475
Preferred stock dividends	1,550		1,550		3,100		3,100
Net income/(loss) available to common shareholders	$	52,264	$	109,340	$	64,334	$	208,375

Weighted average common shares outstanding—basic	312,090		314,063		311,843		315,740
Effect of dilutive securities	846		1,723		949		1,980
Weighted average common shares outstanding—diluted	312,936		315,786		312,792		317,720

Net income/(loss) per share available to common shareholders	$	0.17	$	0.35	$	0.21	$	0.66
Diluted income/(loss) per share available to common shareholders	$	0.17	$	0.35	$	0.21	$	0.66

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 June 30				Six Months Ended June 30
(Shares in thousands)	2020		2019		2020		2019
Stock options excluded from the calculation of diluted EPS	5,134		2,773		3,291		2,692
Weighted average exercise price of stock options excluded from the calculation of diluted EPS	$	15.80	$	21.03	$	18.26	$	21.39
Other equity awards excluded from the calculation of diluted EPS	4,389		2,403		3,934		1,985