Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2019

Reconciliation of the calculation of basic and diluted earnings per common share follows:


	Years ended December 31,
(In thousands, except per share data)	2019		2018		2017
Earnings for basic and diluted earnings per common share:
Net income	$	382,723	$	360,418	$	255,439
Less: Preferred stock dividends	7,875		7,853		8,184
Net income available to common shareholders	374,848		352,565		247,255
Less: Earnings applicable to participating securities ⁽¹⁾	1,863		862		424
Earnings applicable to common shareholders	$	372,985	$	351,703	$	246,831

Shares:
Weighted-average common shares outstanding - basic	91,559		91,930		91,965
Effect of dilutive securities	323		297		391
Weighted-average common shares outstanding - diluted	91,882		92,227		92,356

Earnings per common share ⁽¹⁾:
Basic	$	4.07	$	3.83	$	2.68
Diluted	4.06		3.81		2.67

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential common shares from non-participating restricted stock of $73 thousand, $47 thousand, and $58 thousand for the years ended December 31, 2019, 2018, and 2017, respectively, are excluded from the effect of dilutive securities because they would have been anti-dilutive under the treasury stock method.