Common Stock Outstanding and Earnings Per Share Data (Tables)

3 Months Ended

Mar. 31, 2020

Factors Used in Earnings Per Share Computations

The following table presents the factors used in the earnings per share computations for the periods indicated.

	Three months ended March 31,
	2020	2019
Basic
Net income available to common shareholders	$35,432	$44,643
Less: Earnings allocated to participating securities	(8)	(23)
Net income allocated to common shareholders	$35,424	$44,620

Weighted average common shares outstanding
including participating securities	124,831,232	95,790,456
Less: Participating securities (1)	(32,500)	(49,600)
Average shares	124,798,732	95,740,856
Basic earnings per common share	$0.28	$0.47

Diluted
Net income available to common shareholders	$35,424	$44,620
Weighted average common shares outstanding for
basic earnings per common share	124,798,732	95,740,856
Add: Dilutive effects of stock based compensation awards	542,495	759,884
Average shares and dilutive potential common shares	125,341,227	96,500,740
Diluted earnings per common share	$0.28	$0.46

(1)

Participating securities are restricted stock awards whereby the stock certificates have been issued, are included in outstanding shares, receive dividends and can be voted, but have not vested.