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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data).
 
 
Three Months Ended
March 31,
 
 
 
2020
 
2019
 
 
Net income
$
31,884

 
$
44,262

 
 
Dividends and undistributed earnings allocated to unvested shares
(243
)
 
(315
)
 
 
Net income available to common shareholders
$
31,641

 
$
43,947

 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
Basic
79,340

 
79,807

 
 
Effect of dilutive securities
 
 
 
 
 
Stock options
—

 
3

 
 
Restricted stock units
106

 
3

 
 
Diluted
79,446

 
79,813

 
 
 
 
 
 
 
 
Net income per common share:
 
 
 
 
 
Basic
$
0.40

 
$
0.55

 
 
Diluted
$
0.40

 
$
0.55