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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(in thousands, except per share data)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income to common shareholders

 

$

67,807

 

 

$

83,878

 

 

$

235,248

 

 

$

227,530

 

Net income allocated to participating securities - basic and diluted

 

 

1,141

 

 

 

1,544

 

 

 

3,980

 

 

 

4,238

 

Net income allocated to common shareholders - basic and diluted

 

$

66,666

 

 

$

82,334

 

 

$

231,268

 

 

$

223,292

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares - basic

 

 

86,377

 

 

 

85,348

 

 

$

85,934

 

 

$

85,298

 

Dilutive potential common shares

 

 

85

 

 

 

191

 

 

 

76

 

 

 

184

 

Weighted-average common shares - diluted

 

 

86,462

 

 

 

85,539

 

 

$

86,010

 

 

$

85,482

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.77

 

 

$

0.96

 

 

$

2.69

 

 

$

2.62

 

Diluted

 

$

0.77

 

 

$

0.96

 

 

$

2.69

 

 

$

2.61