Earnings per Share

6 Months Ended

Jun. 30, 2020

Earnings per Share

Earnings per Share

15. Earnings per Share

For the three and six months ended June 30, 2020, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 537,000 and 513,000 antidilutive securities, respectively. For the three and six months ended June 30, 2019, the Company made no adjustments to net income for the purpose of computing earnings per share and there were no antidilutive securities. For the three and six months ended June 30, 2020 and 2019, the computations of basic and diluted earnings per share were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands, except shares and per share amounts)	2020		2019		2020		2019
Numerator:
Net income	$	20,049	$	72,433	$	58,914	$	142,357
Denominator:
Basic: weighted-average shares outstanding		129,856,730		134,420,380		129,876,218		134,655,217
Add: weighted-average equity-based awards		148,465		231,628		287,504		269,114
Diluted: weighted-average shares outstanding		130,005,195		134,652,008		130,163,722		134,924,331
Basic earnings per share	$	0.15	$	0.54	$	0.45	$	1.06
Diluted earnings per share	$	0.15	$	0.54	$	0.45	$	1.06