XML 34 R24.htm IDEA: XBRL DOCUMENT v3.19.2
Computation of Earnings per Common Share (Tables)
 6 Months Ended
Jun. 30, 2019
Computation of Basic and Diluted EPS
 
The following table presents the Company’s computation of basic and diluted EPS for the periods indicated:
                                 
 
Three Months Ended
   
Six Months Ended
 
 
June 30,
   
June 30,
 
(in thousands, except share and per share amounts)
 
2019
   
2018
   
2019
   
2018
 
Net income available to common shareholders
  $
89,039
    $
99,147
    $
178,409
    $
197,492
 
Less: Dividends paid on and earnings allocated to participating securities
   
(1,055
)    
(1,267
 )    
(2,177
)    
(2,524
 )
                                 
Earnings applicable to common stock
  $
87,984
    $
97,880
    $
176,232
    $
194,968
 
                                 
Weighted average common shares outstanding
   
465,351,586
     
488,530,527
     
465,422,251
     
488,336,395
 
                                 
Basic earnings per common share
  $
0.19
    $
0.20
    $
0.38
    $
0.40
 
                                 
Earnings applicable to common stock
  $
87,984
     $
97,880
    $
176,232
     $
194,968
 
                                 
Weighted average common shares outstanding
   
465,351,586
      
488,530,527
     
465,422,251
      
488,336,395
 
Potential dilutive common shares
   
289,851
     
—  
      
145,727
     
—  
  
                                 
Total shares for diluted earnings per common share computation
   
465,641,437
     
488,530,527
     
465,567,978
     
488,336,395
 
                                 
Diluted earnings per common share and common share equivalents
  $
        0.19
    $
0.20
    $
0.38
    $
0.40