Net Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Net Earnings Per Share

Schedule of reconciliation of basic and diluted net income per share

The following table sets forth the reconciliation of basic and diluted net earnings per share (in thousands, except share and per share amounts):

	Three Months Ended March 31,
	2020		2019
Basic earnings per share:
Numerator
Net income	$	137,151	$	138,094
Preferred stock dividends		(3,844)		—
Net income available to common stockholders	$	133,307	$	138,094
Denominator
Weighted-average common shares outstanding		113,471,945		111,018,279
Basic earnings per share	$	1.17	$	1.24
Diluted earnings per share:
Numerator
Net income	$	137,151	$	138,094
Preferred stock dividends		(3,844)		—
Net income available to common stockholders	$	133,307	$	138,094
Denominator
Number of shares used in basic computation		113,471,945		111,018,279
Weighted-average effect of dilutive securities		313,083		1,362,577
Number of shares used in per share computation		113,785,028		112,380,856
Diluted earnings per share	$	1.17	$	1.23