Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Computation Of Basic And Diluted Earnings Per Share

The following table summarizes the Company’s computation of basic and diluted earnings per share (EPS) for the three and six months ended June 30, 2018 and 2017 (amounts in thousands except per share information):



	Three Months Ended June 30, 2018						Six Months Ended June 30, 2018
	Income (numerator)			Shares (denominator)	Per Share Amount		Income (numerator)			Shares (denominator)	Per Share Amount
Basic EPS:
Net income	$	91,581					$	121,119
Less: preferred dividend requirements	(6,036		)				(12,072		)
Net income available to common shareholders	$	85,545		74,329	$	1.15	$	109,047		74,238	$	1.47
Diluted EPS:
Net income available to common shareholders	$	85,545		74,329			$	109,047		74,238
Effect of dilutive securities:
Share options	—			36						35
Net income available to common shareholders	$	85,545		74,365	$	1.15	$	109,047		74,273	$	1.47



	Three Months Ended June 30, 2017						Six Months Ended June 30, 2017
	Income (numerator)			Shares (denominator)	Per Share Amount		Income (numerator)			Shares (denominator)	Per Share Amount
Basic EPS:
Net income	$	80,535					$	134,451
Less: preferred dividend requirements	(5,952		)				(11,904		)
Net income available to common shareholders	$	74,583		73,159	$	1.02	$	122,547		68,621	$	1.79
Diluted EPS:
Net income available to common shareholders	$	74,583		73,159			$	122,547		68,621
Effect of dilutive securities:
Share options	—			66			—			68
Net income available to common shareholders	$	74,583		73,225	$	1.02	$	122,547		68,689	$	1.78