Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2019

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 for the three and six months ended June 30, 2019 and 2018:

	Three Months Ended				Six Months Ended
(dollars and shares in thousands,	June 30,				June 30,
except per share data)	2019		2018		2019		2018
Basic Net Income Per Share
Net income	$	62,964	$	44,001	$	119,240	$	91,984
Weighted average common shares outstanding		172,985		151,878		173,855		151,800
Basic Net Income Per Share	$	0.37	$	0.29	$	0.69	$	0.61
Diluted Net Income Per Share
Net income	$	62,964	$	44,001	$	119,240	$	91,984
Weighted average common shares outstanding		172,985		151,878		173,855		151,800
Effect of dilutive securities:
Restricted stock		643		623		626		610
Stock options (1)		47		67		50		73
Weighted average shares outstanding		173,675		152,568		174,531		152,483
Diluted Net Income Per Share	$	0.36	$	0.29	$	0.68	$	0.60

(1) Options to purchase 14 thousand shares outstanding at June 30, 2019 and 2018 were not included in the computation of net income per diluted share for the three and six months ended June 30, 2019 and 2018 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.