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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Computation of Earnings Per Common Share

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(in thousands, except per share data)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income to common shareholders

 

$

88,277

 

 

$

71,177

 

 

$

167,441

 

 

$

143,652

 

Net income allocated to participating securities - basic and diluted

 

 

1,502

 

 

 

1,328

 

 

 

2,839

 

 

 

2,694

 

Net income allocated to common shareholders - basic and diluted

 

$

86,775

 

 

$

69,849

 

 

$

164,602

 

 

$

140,958

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares - basic

 

 

85,728

 

 

 

85,305

 

 

$

85,708

 

 

$

85,273

 

Dilutive potential common shares

 

 

107

 

 

 

178

 

 

 

102

 

 

 

178

 

Weighted-average common shares - diluted

 

 

85,835

 

 

 

85,483

 

 

$

85,810

 

 

$

85,451

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.01

 

 

$

0.82

 

 

$

1.92

 

 

$

1.65

 

Diluted

 

$

1.01

 

 

$

0.82

 

 

$

1.92

 

 

$

1.65