XML 62 R29.htm IDEA: XBRL DOCUMENT v3.19.3
Earnings Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The table below displays the calculation of basic and diluted earnings per common share ("EPS").
Basic and Diluted EPS
(Amounts in thousands, except per share data)
 
 
Quarters Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
 
2019
 
2018
 
2019
 
2018
Net income
 
$
54,545

 
$
53,352

 
$
147,617

 
$
116,462

Net income applicable to non-vested restricted shares
 
(465
)
 
(441
)
 
(1,257
)
 
(992
)
Net income applicable to common shares
 
$
54,080

 
$
52,911

 
$
146,360

 
$
115,470

Weighted-average common shares outstanding:
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding (basic)
 
109,281

 
102,178

 
107,852

 
102,087

Dilutive effect of common stock equivalents
 
381

 
—

 
394

 
5

Weighted-average diluted common shares outstanding
 
109,662

 
102,178

 
108,246

 
102,092

Basic EPS
 
$
0.49

 
$
0.52

 
$
1.36

 
$
1.13

Diluted EPS
 
$
0.49

 
$
0.52

 
$
1.35

 
$
1.13

Anti-dilutive shares not included in the computation of diluted EPS(1)
 
—

 
—

 
—

 
36

(1) 
This amount represents outstanding stock options for which the exercise price is greater than the average market price of the Company's common stock. The final outstanding stock options were exercised during the first quarter of 2018.