STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2016

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE

Schedule of earnings per share calculations

The following table presents EPS calculations for the three and nine months ended September 30, 2016 and 2015:

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands, except per share data, shares in thousands)	2016		2015		2016		2015
Basic
Net income	$	110,143	$	94,097	$	320,943	$	292,872
Less: Earnings allocated to participating securities	—		—		—		3
Net income allocated to common stockholders	$	110,143	$	94,097	$	320,943	$	292,869
Basic weighted average number of shares outstanding	144,122		143,861		144,061		143,788
Basic EPS	$	0.76	$	0.65	$	2.23	$	2.04
Diluted
Net income allocated to diluted common stockholders	$	110,143	$	94,097	$	320,943	$	292,869
Basic weighted average number of shares outstanding	144,122		143,861		144,061		143,788
Diluted potential common shares (1)	1,116		729		1,025		680
Diluted weighted average number of shares outstanding	145,238		144,590		145,086		144,468
Diluted EPS	$	0.76	$	0.65	$	2.21	$	2.03

(1) Includes dilutive shares from RSUs and warrants for the three and nine months ended September 30,2016 and 2015. Also includes dilutive shares from stock options for the three and nine months ended September 30,2015.