XML 50 R37.htm IDEA: XBRL DOCUMENT v3.19.1
Net Income Per Share (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Summary of Table Reconciling Basic and Diluted Net Income Per Share

The following table reconciles basic and diluted net income per share for the three months ended March 31, 2019 and 2018:

 

 

 

Three Months Ended

 

(dollars and shares in thousands,

 

March 31,

 

except per share data)

 

2019

 

 

2018

 

Basic Net Income Per Share

 

 

 

 

 

 

 

 

Net income

 

$

56,276

 

 

$

47,983

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

174,734

 

 

 

151,721

 

 

 

 

 

 

 

 

 

 

Basic Net Income Per Share

 

$

0.32

 

 

$

0.32

 

 

 

 

 

 

 

 

 

 

Diluted Net Income Per Share

 

 

 

 

 

 

 

 

Net income

 

$

56,276

 

 

$

47,983

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

174,734

 

 

 

151,721

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Restricted stock

 

 

582

 

 

 

569

 

Stock options (1)

 

 

52

 

 

 

80

 

Weighted average shares outstanding

 

 

175,368

 

 

 

152,370

 

 

 

 

 

 

 

 

 

 

Diluted Net Income Per Share

 

$

0.32

 

 

$

0.31

 

 

 

(1)

Options to purchase 14 thousand shares and 15 thousand shares outstanding at March 31, 2019 and 2018, respectively, were not included in the computation of net income per diluted share because the exercise price of these options was greater than the average market price of the common shares and, therefore, the effect would be antidilutive.