Stockholders' Equity and EPS (Tables)

12 Months Ended

Dec. 31, 2018

Equity and Earnings Per Share [Abstract]

Reclassification out of Accumulated Other Comprehensive Income

Accumulated Other Comprehensive (Loss) Income

The following table summarizes the items reclassified out of accumulated other comprehensive (loss) income into the Consolidated Statements of Income for 2018, 2017 and 2016:

		Year ended December 31,
(Dollars in thousands)	Income Statement Location	2018			2017			2016
Reclassification adjustment for losses (gains) included in net income (1)	Gains on investment securities, net	$	740		$	5,189		$	(12,195	)
Related tax (benefit) expense (1)	Income tax expense	(205		)	(2,098		)	4,963
Total reclassification adjustment for losses (gains) included in net income, net of tax (1)		$	535		$	3,091		$	(7,232	)

(1) See Note 2- "Summary of Significant Accounting Policies" of the "Notes to Consolidated Financial Statements" under Part II, Item 8 of this report for additional details.

Reconciliation of Basic EPS to Diluted EPS

The following is a reconciliation of basic EPS to diluted EPS for 2018, 2017 and 2016:

	Year ended December 31,
(Dollars and shares in thousands, except per share amounts)	2018		2017		2016
Numerator:
Net income available to common stockholders	$	973,840	$	490,506	$	382,685
Denominator:
Weighted average common shares outstanding—basic	53,078		52,588		51,915
Weighted average effect of dilutive securities:
Stock options and ESPP	377		385		254
Restricted stock units	317		333		180
Weighted average common shares outstanding—diluted	53,772		53,306		52,349
Earnings per common share:
Basic	$	18.35	$	9.33	$	7.37
Diluted	18.11		9.20		7.31

Common Shares Excluded from Diluted EPS Calculation as They Were Deemed to be Anti-Dilutive

2016:

	Year ended December 31,
(Dollars and shares in thousands, except per share amounts)	2018		2017		2016
Numerator:
Net income available to common stockholders	$	973,840	$	490,506	$	382,685
Denominator:
Weighted average common shares outstanding—basic	53,078		52,588		51,915
Weighted average effect of dilutive securities:
Stock options and ESPP	377		385		254
Restricted stock units	317		333		180
Weighted average common shares outstanding—diluted	53,772		53,306		52,349
Earnings per common share:
Basic	$	18.35	$	9.33	$	7.37
Diluted	18.11		9.20		7.31

The following table summarizes the weighted average common shares excluded from the diluted EPS calculation due to the antidilutive effect for 2018, 2017 and 2016:

	Year ended December 31,
(Shares in thousands)	2018	2017	2016
Stock options	59	73	272
Restricted stock units	85	1	1
Total	144	74	273