XML 50 R37.htm IDEA: XBRL DOCUMENT v3.19.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
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 and six months ended June 30, 2019 and 2018 (dollars in thousands, except per share data):
 
Three Months
Ended June 30,
 
Six Months
Ended June 30,
 
2019
 
2018
 
2019
 
2018
Computation of Basic Earnings Per Share:
 
 
 
 
 
 
 
 Net income
$
68,960

 
$
80,362

 
$
131,860

 
$
141,384

 Non-forfeitable dividends on unvested restricted shares
(174
)
 
(90
)
 
(309
)
 
(139
)
 Net income attributable to the Company’s common stockholders for basic earnings per share
$
68,786

 
$
80,272

 
$
131,551

 
$
141,245

 
 
 
 
 
 
 
 
 Weighted average number shares outstanding – basic
298,140

 
302,776

 
298,372

 
303,468

 
 
 
 
 
 
 
 
 Basic earnings per share attributable to the Company’s common stockholders:
 
 
 
 
 
 
 
 Net income per share
$
0.23

 
$
0.27

 
$
0.44

 
$
0.47

 

 

 
 
 
 
Computation of Diluted Earnings Per Share:
 
 
 
 
 
 
 
 Net income attributable to the Company’s common stockholders for diluted earnings per share
$
68,786

 
$
80,272

 
$
131,551

 
$
141,245

 
 
 
 
 
 
 
 
 Weighted average shares outstanding – basic
298,140

 
302,776

 
298,372

 
303,468

 Effect of dilutive securities:
 
 
 
 
 
 
 
 Equity awards
753

 
158

 
523

 
146

 Weighted average shares outstanding – diluted
298,893

 
302,934

 
298,895

 
303,614

 
 
 
 
 
 
 
 
 Diluted earnings per share attributable to the Company’s common stockholders:
 
 
 
 
 
 
 
 Net income per share
$
0.23

 
$
0.26

 
$
0.44

 
$
0.47