Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of earnings per share, basic and diluted

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Computation of Basic Earnings Per Share:
Net income	$	27,944	$	80,854	$	96,769	$	212,714
Non-forfeitable dividends on unvested restricted shares	(82)		(176)		(269)		(484)
Net income attributable to the Company’s common stockholders for basic earnings per share	$	27,862	$	80,678	$	96,500	$	212,230

Weighted average number shares outstanding – basic	296,562		298,031		296,982		298,257

Basic earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.09	$	0.27	$	0.32	$	0.71

Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share	$	27,862	$	80,678	$	96,500	$	212,230

Weighted average shares outstanding – basic	296,562		298,031		296,982		298,257
Effect of dilutive securities:
Equity awards	300		848		335		670
Weighted average shares outstanding – diluted	296,862		298,879		297,317		298,927

Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.09	$	0.27	$	0.32	$	0.71