Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Cash Flow Information — Supplemental cash flow information addressing certain cash and noncash transactions for the six months ended June 30, 2020 and 2019 was as follows (in thousands):


	For the six months ended June 30,
	2020		2019
Cash Transactions:
Interest paid	$	127,807	$	141,208
Income taxes paid, net	23,749		41,928
Operating lease payments	6,750		6,761
Noncash Transactions:
Loans charged-off to the allowance for credit losses	20,695		14,548
Loans foreclosed upon and transferred to other real estate owned	2,442		11,760
Loans foreclosed upon and transferred to other assets	25		93

Fixed assets transferred to other real estate owned	—		5,126
Available-for-sale securities transferred to held-to-maturity portfolio	873,613		—



Right-of-use asset recognized during the period in exchange for lease obligations ⁽¹⁾	2,928		82,856

⁽¹⁾ Includes $79.9 million recognized upon initial adoption of ASU 2016-02 on January 1, 2019.

Basic and Diluted Earnings Per Share Calculations

The following is a summary of the basic and diluted net income per common share calculations for the three and six months ended June 30, 2020 and 2019 (in thousands, except per share data):


	Three months ended June 30,						Six months ended June 30,
	2020		2019		2020		2019
Basic net income per common share calculation:
Numerator - Net income	$	62,444	$	100,321	$	90,800	$	194,281

Denominator - Weighted average common shares outstanding	75,211		76,344		75,507		76,572
Basic net income per common share	$	0.83	$	1.31	$	1.20	$	2.54
Diluted net income per common share calculation:
Numerator – Net income	$	62,444	$	100,321	$	90,800	$	194,281

Denominator - Weighted average common shares outstanding	75,211		76,344		75,507		76,572
Dilutive shares contingently issuable	112		268		139		294
Weighted average diluted common shares outstanding	75,323		76,612		75,646		76,866
Diluted net income per common share	$	0.83	$	1.31	$	1.20	$	2.53