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EARNINGS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings per common share:
 
 
Three months ended
 
 
March 31,
(Dollars in thousands, except per share data)
 
2020
 
2019
Numerator
 
 
 
 
Net income available to common shareholders
 
$
28,628

 
$
45,839

 
 
 
 
 
Denominator
 
 
 
 
Weighted average shares outstanding for basic earnings per common share
 
97,736,690

 
97,926,088

Effect of dilutive securities
 
 
 
 
Employee stock awards
 
619,524

 
510,223

Adjusted weighted average shares for diluted earnings per common share
 
98,356,214

 
98,436,311

 
 
 
 
 
Earnings per share available to common shareholders
 
 
 
 
Basic
 
$
0.29

 
$
0.47

Diluted
 
$
0.29

 
$
0.47



Stock options and warrants with exercise prices greater than the average market price of the common shares were not included in the computation of net income per diluted share, as they would have been antidilutive.  Using the end of period price of the Company's common shares, there were no antidilutive options at March 31, 2020 and March 31, 2019.