Stockholders' Equity and EPS (Tables)

3 Months Ended

Mar. 31, 2019

Equity and Earnings Per Share [Abstract]

Reclassification out of Accumulated Other Comprehensive Income

The following table summarizes the items reclassified out of accumulated other comprehensive income into the Consolidated Statements of Income (unaudited) for the three months ended March 31, 2019 and 2018:



		Three months ended March 31,
(Dollars in thousands)	Income Statement Location	2019			2018
Reclassification adjustment for losses on available-for-sale securities included in net income	Gains on investment securities, net	$	3,630		$	—
Related tax benefit	Income tax expense	(1,010		)	—
Reclassification adjustment for losses on cash flow hedges included in net income	Net interest income	3			—
Related tax benefit	Income tax expense	(1		)	—
Total reclassification adjustment for losses included in net income, net of tax		$	2,622		$	—

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The table below summarizes the activity relating to net gains on our cash flow hedges included in accumulated other comprehensive income for the three months ended March 31, 2019 and 2018. Over the next 12 months, we expect that approximately $0.7 million in accumulated other comprehensive income ("AOCI") at March 31, 2019, related to our cash flow hedges will be reclassified out of AOCI and recognized in net income.



	Three months ended March 31,
(Dollars in thousands)	2019		2018
Beginning balance	$	—	$	—
Net increase in fair value, net of tax	795		—
Net realized loss reclassified to net income, net of tax	2		—
Ending balance	$	797	$	—

Reconciliation of Basic EPS to Diluted EPS

The following is a reconciliation of basic EPS to diluted EPS for the three months ended March 31, 2019 and 2018:



	Three months ended March 31,
(Dollars and shares in thousands, except per share amounts)	2019		2018
Numerator:
Net income available to common stockholders	$	288,732	$	194,961
Denominator:
Weighted average common shares outstanding—basic	52,587		52,883
Weighted average effect of dilutive securities:
Stock options and ESPP	297		420
Restricted stock units and awards	225		382
Weighted average common shares outstanding—diluted	53,109		53,685
Earnings per common share:
Basic	$	5.49	$	3.69
Diluted	5.44		3.63

Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share

The following table summarizes the weighted-average common shares excluded from the diluted EPS calculation due to the antidilutive effect for the three months ended March 31, 2019 and 2018:



	Three months ended March 31,
(Shares in thousands)	2019	2018
Stock options	91	4
Restricted stock units	134	—
Total	225	4