Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

The following table sets forth the computation of basic and diluted EPS for the three and nine months ended September 30, 2020 and 2019:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(in thousands except per share amounts)
Basic EPS:
Net income	$	44,734	$	50,727	$	95,944	$	148,322
Less: Earnings allocated to participating securities:

Nonvested restricted shares	164		358		487		1,204
Earnings allocated to common shareholders	$	44,570	$	50,369	$	95,457	$	147,118
Weighted average common shares outstanding	70,726		71,803		70,870		72,256
Basic earnings per common share	$	0.63	$	0.70	$	1.35	$	2.04
Diluted EPS:
Earnings allocated to common shareholders	$	44,570	$	50,369	$	95,457	$	147,118
Weighted average common shares outstanding	70,726		71,803		70,870		72,256
Dilutive effect of equity awards	36		—		36		1
Weighted average diluted common shares outstanding	70,762		71,803		70,906		72,257
Diluted earnings per common share	$	0.63	$	0.70	$	1.35	$	2.04
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive	596		—		487		—