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Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

(dollars in thousands, except shares and per share amounts)

    

2017

    

2016

 

Numerator:

 

 

 

 

 

 

 

Net income

 

$

56,740

 

$

65,531

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Basic: weighted-average shares outstanding

 

 

139,545,728

 

 

139,459,620

 

Add: weighted-average equity-based awards

 

 

91,682

 

 

 —

 

Diluted: weighted-average shares outstanding

 

 

139,637,410

 

 

139,459,620

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.41

 

$

0.47

 

Diluted earnings per share

 

$

0.41

 

$

0.47