XML 66 R25.htm IDEA: XBRL DOCUMENT v3.20.1
Earnings Per Share ("EPS")
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share (EPS) EARNINGS PER SHARE (“EPS”)
 
Basic EPS is computed by dividing reported net income available to common stockholders by weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing reported net income available to common stockholders by the weighted average common shares and all potential dilutive common shares outstanding during the period.
 
The computation of earnings per share is as follows:

 
 
 
Three Months Ended
March 31,
(In thousands, except per share data)
 
 
 
 
2020
 
2019
Net income available to common stockholders
 
 
 
 
$
77,223

 
$
47,695

 
 
 
 
 
 
 
 
Average common shares outstanding
 
 
 
 
112,888

 
92,520

Average potential dilutive common shares
 
 
 
 
249

 
351

Average diluted common shares
 
 
 
 
113,137


92,871

 
 
 
 
 
 
 
 
Basic earnings per share
 
 
 
 
$
0.68

 
$
0.52

Diluted earnings per share
 
 
 
 
$
0.68

 
$
0.51



There were 614,100 stock options excluded from the three months ended March 31, 2020 earnings per share calculation due to the average market price exceeding the related exercise prices. There were no stock options excluded from the earnings per share calculation for the three months ended March 31, 2019 due to the related exercise price exceeding the average market price.