Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

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 years ended December 31, 2020, 2019 and 2018 (dollars in thousands, except per share data):


	Year Ended December 31,
	2020		2019		2018
Computation of Basic Earnings Per Share:
Net income	$	121,173	$	274,773	$	366,284
Non-forfeitable dividends on unvested restricted shares	(410)		(649)		(331)
Net income attributable to the Company’s common stockholders for basic earnings per share	$	120,763	$	274,124	$	365,953

Weighted average shares outstanding – basic	296,972		298,229		302,074

Basic earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.41	$	0.92	$	1.21

Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share	$	120,763	$	274,124	$	365,953

Weighted average shares outstanding – basic	296,972		298,229		302,074
Effect of dilutive securities:
Equity awards	927		1,105		265
Weighted average shares outstanding – diluted	297,899		299,334		302,339

Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.41	$	0.92	$	1.21