Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Computation of basic and diluted earnings per common share

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

 

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(in thousands, except per share amounts)
Numerator
Net income	$	83,464	$	97,480	$	254,041	$	63,812
Denominator
Weighted-average shares outstanding, basic	68,442		68,254		68,421		68,243
Effect of dilutive stock awards	103		249		140		103
Adjusted weighted-average shares outstanding, diluted	68,545		68,503		68,561		68,346
Earnings per share
Basic earnings per common share	$	1.22	$	1.43	$	3.71	$	0.94
Diluted earnings per common share	$	1.22	$	1.42	$	3.71	$	0.93
Anti-dilutive weighted-average shares	136		5		141		192