Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Summary of Table Reconciling Basic and Diluted Net Income Per Share

The following table reconciles basic and diluted net income per share:

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars and shares in thousands, except per share data)	2020		2019		2020		2019
Basic Net Income Per Share
Net income	$	51,705	$	62,964	$	74,345	$	119,240
Weighted average common shares outstanding	164,732		172,985		166,240		173,855
Basic Net Income Per Share	$	0.32	$	0.37	$	0.45	$	0.69
Diluted Net Income Per Share
Net income	$	51,705	$	62,964	$	74,345	$	119,240
Weighted average common shares outstanding	164,732		172,985		166,240		173,855
Effect of dilutive securities:
Restricted stock	535		643		571		626
Stock options (1)	35		47		37		50
Weighted average shares outstanding	165,302		173,675		166,848		174,531
Diluted Net Income Per Share	$	0.32	$	0.36	$	0.45	$	0.68

(1)Options to purchase 14 thousand shares outstanding at June 30, 2020 and 2019 were not included in the computation of net income per diluted share for the three and six months ended June 30, 2020 and 2019 because the exercise price of these options was greater than the average market price of the common shares and, therefore, the effect would be antidilutive.