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Earnings per Share (Tables) | 6 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
Schedule of reconciliation of the weighted-average common shares outstanding | The following table reconciles the weighted-average common shares outstanding used in the calculation of basic earnings per share (“EPS”) to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three and six months ended June 30, 2019 and 2018:
| For the three months ended June 30, |  | For the six months ended June 30,
(in thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Determination of shares: |  |  |  |  |  |  |
Weighted-average common shares outstanding | 115,982 |  |  | 91,468 |  |  | 116,137 |  |  | 91,330 |
Assumed conversion of dilutive employee stock-based awards | 1,598 |  |  | 3,319 |  |  | 1,832 |  |  | 3,299 |
Assumed conversion of restricted stock | 96 |  |  | 208 |  |  | 192 |  |  | 205 |
Diluted weighted-average common shares outstanding | 117,676 |  |  | 94,995 |  |  | 118,161 |  |  | 94,834 |
Schedule of calculation of basic and diluted EPS | The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three and six months ended June 30, 2019 and 2018:
| For the three months ended June 30, |  | For the six months ended June 30,
(in thousands, except per share data) | 2019 |  | 2018 |  | 2019 |  | 2018
Calculation of basic EPS: |  |  |  |  |  |  |
Net income applicable to common stock | $ | 51,547 |  |  | $ | 53,988 |  |  | $ | 92,539 |  |  | $ | 99,425 |
Weighted-average common shares outstanding | 115,982 |  |  | 91,468 |  |  | 116,137 |  |  | 91,330 |
Basic EPS | $ | 0.44 |  |  | $ | 0.59 |  |  | $ | 0.80 |  |  | $ | 1.09 |
Calculation of diluted EPS: |  |  |  |  |  |  |
Net income applicable to common stock | $ | 51,547 |  |  | $ | 53,988 |  |  | $ | 92,539 |  |  | $ | 99,425 |
Diluted weighted-average common shares outstanding | 117,676 |  |  | 94,995 |  |  | 118,161 |  |  | 94,834 |
Diluted EPS | $ | 0.44 |  |  | $ | 0.57 |  |  | $ | 0.78 |  |  | $ | 1.05 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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