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Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Computation of Basic and Diluted Earnings (Loss) Per Common Share
The following table presents the Company’s computation of basic and diluted earnings per common share for the years ended December 31, 2018, 2017, and 2016:
 
 
 
Years Ended December 31,
 
(in thousands, except share and per share amounts)
 
2018
 
 
2017
 
 
2016
 
Net income available to common shareholders
 
$
389,589
 
 
$
441,580
 
 
$
495,401
 
Less: Dividends paid on and earnings allocated to participating securities
 
 
(4,871
)
 
 
(3,554
)
 
 
(3,795
)
Earnings applicable to common stock
 
$
384,718
 
 
$
438,026
 
 
$
491,606
 
Weighted average common shares outstanding
 
 
487,287,872
 
 
 
487,073,951
 
 
 
485,150,173
 
Basic earnings per common share
 
$
0.79
 
 
$
0.90
 
 
$
1.01
 
Earnings applicable to common stock
 
$
384,718
 
 
$
438,026
 
 
$
491,606
 
Weighted average common shares outstanding
 
 
487,287,872
 
 
 
487,073,951
 
 
 
485,150,173
 
Potential dilutive common shares
 
 
 
 
 
 
 
 
 
Total shares for diluted earnings per common share computation
 
 
487,287,872
 
 
 
487,073,951
 
 
 
485,150,173
 
Diluted earnings per common share and common share equivalents
 
$
0.79
 
 
$
0.90
 
 
$
1.01