Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Reconciliation Of Earnings/(Loss) Per Common And Diluted Share

The following table provides reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding:



	Three Months Ended June 30				Six Months Ended June 30
(Dollars and shares in thousands, except per share data)	2019		2018		2019		2018
Net income/(loss)	$	113,742	$	85,992	$	217,147	$	180,986
Net income attributable to noncontrolling interest	2,852		2,852		5,672		5,672
Net income/(loss) attributable to controlling interest	110,890		83,140		211,475		175,314
Preferred stock dividends	1,550		1,550		3,100		3,100
Net income/(loss) available to common shareholders	$	109,340	$	81,590	$	208,375	$	172,214

Weighted average common shares outstanding—basic	314,063		325,153		315,740		325,817
Effect of dilutive securities	1,723		3,273		1,980		3,536
Weighted average common shares outstanding—diluted	315,786		328,426		317,720		329,353

Net income/(loss) per share available to common shareholders	$	0.35	$	0.25	$	0.66	$	0.53
Diluted income/(loss) per share available to common shareholders	$	0.35	$	0.25	$	0.66	$	0.52

Schedule of Anti-Dilutive Options and Awards

The following table presents outstanding options and other equity awards that were excluded from the calculation of diluted earnings per share because they were either anti-dilutive (the exercise price was higher than the weighted-average market price for the period) or the performance conditions have not been met:



	Three Months Ended June 30				Six Months Ended June 30
(Shares in thousands)	2019		2018		2019		2018
Stock options excluded from the calculation of diluted EPS	2,773		2,446		2,692		2,428
Weighted average exercise price of stock options excluded from the calculation of diluted EPS	$	21.03	$	24.38	$	21.39	$	24.60
Other equity awards excluded from the calculation of diluted EPS	2,403		565		1,985		404