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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Reconciliation of Number of Shares Used in Calculating Basic and Diluted Earnings per Share

The following table reconciles the number of shares used in calculating basic and diluted earnings per share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(Dollars in thousands, except per share amounts)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net income

 

$

46,148

 

 

$

24,244

 

 

$

60,745

 

 

$

41,165

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

62,979,660

 

 

 

40,822,726

 

 

 

56,739,012

 

 

 

40,802,057

 

Incremental shares due to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance shares

 

 

302,815

 

 

 

355,844

 

 

 

298,883

 

 

 

305,625

 

Restricted stock units

 

 

33,816

 

 

 

40,399

 

 

 

90,125

 

 

 

36,013

 

Diluted weighted-average shares outstanding

 

 

63,316,291

 

 

 

41,218,969

 

 

 

57,128,020

 

 

 

41,143,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.73

 

 

$

0.59

 

 

$

1.07

 

 

$

1.01

 

Diluted net income per share

 

$

0.73

 

 

$

0.59

 

 

$

1.06

 

 

$

1.00