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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Computation of Earnings Per Common Share

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands, except per share data)

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

Net income to common shareholders

 

$

79,164

 

 

$

72,475

 

Net income allocated to participating securities - basic and diluted

 

 

1,337

 

 

 

1,366

 

Net income allocated to common shareholders - basic and diluted

 

$

77,827

 

 

$

71,109

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average common shares - basic

 

 

85,688

 

 

 

85,241

 

Dilutive potential common shares

 

 

112

 

 

 

182

 

Weighted-average common shares - diluted

 

 

85,800

 

 

 

85,423

 

Earnings per common share:

 

 

 

 

 

 

 

 

Basic

 

$

0.91

 

 

$

0.83

 

Diluted

 

$

0.91

 

 

$

0.83