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Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Common Share [Abstract]

Schedule Of Net Income (Loss) Per Common Share


			Three Months Ended
			March 31,
(Dollars in thousands, except per share amounts)			2019				2018
Net income (loss) per share:
Numerator
Net income (loss)			$	348,900			$	210,318
Less: dividends declared-common shares and nonvested common shares				(57,137	)			(53,240	)
Undistributed earnings				291,763				157,078
Percentage allocated to common shareholders⁽¹⁾				99.0	%			98.9	%
				288,706				155,410
Add: dividends declared-common shareholders				56,531				52,697
Numerator for basic and diluted earnings per common share			$	345,237			$	208,107

Denominator
Denominator for basic earnings per weighted-average common shares				40,304				40,469
Effect of dilutive securities:
Options				141				220
Denominator for diluted earnings per adjusted weighted-average common shares				40,445				40,689

Per common share net income (loss)
Basic			$	8.57			$	5.14
Diluted			$	8.54			$	5.11

⁽¹⁾	Basic weighted-average common shares outstanding			40,304				40,469
	Basic weighted-average common shares outstanding and nonvested common shares expected to vest			40,731				40,903
	Percentage allocated to common shareholders			99.0	%			98.9	%

(Some amounts may not reconcile due to rounding.)