Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of earnings per share, basic and diluted

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three months ended March 31, 2019 and 2018 (dollars in thousands, except per share data):



	Three Months Ended March 31,
	2019			2018
Computation of Basic Earnings Per Share:
Net income	$	62,900		$	61,022
Non-forfeitable dividends on unvested restricted shares	(144		)	(56		)
Net income attributable to the Company’s common stockholders for basic earnings per share	$	62,756		$	60,966

Weighted average number shares outstanding – basic	298,599			304,158

Basic earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.21		$	0.20

Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share	$	62,756		$	60,966

Weighted average shares outstanding – basic	298,599			304,158
Effect of dilutive securities:
Equity awards	430			120
Weighted average shares outstanding – diluted	299,029			304,278

Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.21		$	0.20