XML 33 R23.htm IDEA: XBRL DOCUMENT v3.19.2
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Reconciliation of beginning and ending common stock outstanding
The following table provides a reconciliation of the beginning and ending shares of common stock outstanding for the six months ended June 30, 2019 and the year ended December 31, 2018:
 
June 30, 2019
 
December 31, 2018
Balance, beginning of period
125,279,455

 
125,131,593

Issuance of common stock
3,895,667

 
26,203

Nonvested share-based awards, net of withheld shares
70,221

 
121,659

Balance, end of period
129,245,343

 
125,279,455


Earnings (loss) per share The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2019 and 2018.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(Dollars in thousands, except per share data)
2019
 
2018
 
2019
 
2018
Weighted average Common Shares outstanding
 
 
 
 
 
 
 
Weighted average Common Shares outstanding
129,228,102

 
125,217,707

 
127,577,389

 
125,192,557

Nonvested shares
(1,778,648
)
 
(1,933,073
)
 
(1,778,674
)
 
(1,921,489
)
Weighted average Common Shares outstanding—Basic
127,449,454

 
123,284,634

 
125,798,715

 
123,271,068

Weighted average Common Shares outstanding—Basic
127,449,454

 
123,284,634

 
125,798,715

 
123,271,068

Dilutive effect of employee stock purchase plan
75,153

 
36,371

 
90,640

 
53,092

Weighted average Common Shares outstanding—Diluted
127,524,607

 
123,321,005

 
125,889,355

 
123,324,160

Net Income
$
4,484

 
$
37,729

 
$
9,375

 
$
46,908

Dividends paid on nonvested share-based awards
(534
)
 
(582
)
 
(1,070
)
 
(1,160
)
Net income applicable to common stockholders
$
3,950

 
$
37,147

 
$
8,305

 
$
45,748

Basic earnings per common share - Net income
$
0.03

 
$
0.30

 
$
0.07

 
$
0.37

Diluted earnings per common share - Net income
$
0.03

 
$
0.30

 
$
0.07

 
$
0.37



Summary of the activity under the Incentive Plan
A summary of the activity under the Company's share-based incentive plans for the three and six months ended June 30, 2019 and 2018 is included in the table below.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Share-based awards, beginning of period
1,784,127

 
1,930,342

 
1,769,863

 
1,907,645

Granted
24,996

 
30,989

 
89,767

 
107,751

Vested
(30,989
)
 
(23,231
)
 
(81,496
)
 
(77,296
)
Share-based awards, end of period
1,778,134

 
1,938,100

 
1,778,134

 
1,938,100


Summary of employee stock purchase plan activity A summary of the activity under the Purchase Plan for the three and six months ended June 30, 2019 and 2018 is included in the table below.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Outstanding and exercisable, beginning of period
390,776

 
366,731

 
328,533

 
318,100

Granted

 

 
235,572

 
203,836

Exercised
(4,386
)
 
(1,870
)
 
(19,016
)
 
(10,705
)
Forfeited
(23,172
)
 
(14,326
)
 
(39,797
)
 
(24,906
)
Expired

 

 
(142,074
)
 
(135,790
)
Outstanding and exercisable, end of period
363,218

 
350,535

 
363,218

 
350,535