Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Calculation of our Basic and Diluted Earnings per share Calculation

The following table presents a reconciliation of the numerator and denominator of basic and diluted EPS for the three and nine months ended September 30, 2022 and 2021:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(Dollars in thousands, except per share amounts)
Numerator for basic and diluted EPS:
Net income	$	93,451	$	119,886	$	332,631	$	246,850
Denominator:
Weighted average common shares outstanding for basic calculation	256,848,575		267,106,109		259,415,295		267,327,888
Add: Effect of equity awards	4,879		72,854		9,590		113,506
Weighted average common shares outstanding for diluted calculation	256,853,454		267,178,963		259,424,885		267,441,394
Basic EPS	$	0.36	$	0.45	$	1.28	$	0.92
Diluted EPS	$	0.36	$	0.45	$	1.28	$	0.92