Earnings Per Share

9 Months Ended

Sep. 30, 2020

The computations of basic and diluted earnings per share are noted in the table below. Basic earnings per share are computed by dividing the net income available to common stockholders by the weighted average number of common shares outstanding during the period. RSAs are included in the weighted average common shares outstanding because the shares have all the same voting and dividend rights as issued and unrestricted common stock. RSUs are not included in diluted shares for financial reporting until authorized by the Organization & Compensation Committee of the Board of Directors.


	Three Months Ended September 30
	2020		2019
	(In thousands, except per share data)
Net income available to common stockholders	$	96,360	$	42,424
Weighted average common shares outstanding, basic	49,576		48,141
Weighted average common shares outstanding, dilutive	49,576		48,141
Earnings per share - basic	$	1.94	$	0.88
Earnings per share - diluted	$	1.94	$	0.88


	Nine Months Ended September 30
	2020		2019
	(In thousands, except per share data)
Net income available to common stockholders	$	81,334	$	51,780
Weighted average common shares outstanding, basic	49,034		48,121
Weighted average common shares outstanding, dilutive	49,034		48,121
Earnings per share - basic	$	1.66	$	1.08
Earnings per share - diluted	$	1.66	$	1.08