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Earnings Per Share and Stockholders' Equity | 12 Months Ended
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Dec. 31, 2019
Earnings Per Share [Abstract] |
Earnings Per Share and Stockholders' Equity | Earnings Per Share and Stockholders' Equity Earnings Per Share The following table sets forth the computation of earnings per common share and earnings per common share - assuming dilution:
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
| (Dollars in thousands, except per share data)
Numerator: |  |  |  |  |
Net income - numerator for earnings per common share | $ | 246,090 |  |  | $ | 458,016 |  |  | $ | 174,645 |
Denominator: |  |  |  |  |
Weighted average common shares outstanding | 91,139,453 |  |  | 90,347,915 |  |  | 88,982,442 |
Effect of dilutive securities: |  |  |  |  |
Stock options and deferred compensation agreements | 304,196 |  |  | 709,433 |  |  | 945,612 |
Restricted stock and restricted stock units | 338,593 |  |  | 365,237 |  |  | 382,954 |
Denominator for earnings per common share - assuming dilution | 91,782,242 |  |  | 91,422,585 |  |  | 90,311,008 |
Earnings per common share | $ | 2.70 |  |  | $ | 5.07 |  |  | $ | 1.96 |
Earnings per common share - assuming dilution | $ | 2.68 |  |  | $ | 5.01 |  |  | $ | 1.93 |
There were no options to purchase shares of our common stock outstanding excluded from the computation of diluted earnings per share during the years ended December 31, 2019, 2018 and 2017, as the exercise price of all options outstanding was less than the average market price of our common shares for those periods. Stockholders' Equity On November 21, 2019 we issued 16,000 shares of 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A (the "preferred stock") with a $1.00 par value per share and a liquidation preference of $25,000 per share, for aggregate net proceeds of $388.9 million. We used a portion of the proceeds to redeem certain subordinated debentures. See Note 10 for more information on the redemption of our subordinated debentures. Dividends on the preferred stock are payable on a non-cumulative basis only when, as and if declared, quarterly in arrears on the first day of March, June, September and December of each year, commencing March 1, 2020. We did not declare or pay any dividends on the preferred stock during 2019. The preferred stock ranks senior to our common stock with respect to dividends, to the extent declared, and in liquidation, to the extent of the liquidation preference. The preferred stock is not subject to any mandatory redemption, sinking fund, retirement fund, purchase fund or similar provisions.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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