Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:
(share amounts in thousands)
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Net income
$
37,931

 
$
17,081

 
$
144,166

 
$
97,600

Preferred stock dividends
(1,823
)
 
(1,824
)
 
(5,471
)
 
(5,471
)
Income available to common stockholders
$
36,108

 
$
15,257

 
$
138,695

 
$
92,129

 
 
 
 
 
 
 
 
Weighted average shares outstanding
227,564

 
201,827

 
213,409

 
201,422

Dilutive impact of restricted stock
576

 
510

 
670

 
573

Weighted average shares outstanding for diluted income per share
228,140

 
202,337

 
214,079

 
201,995

 
 
 
 
 
 
 
 
Basic income per share
$
0.16

 
$
0.08

 
$
0.65

 
$
0.46

Diluted income per share
$
0.16

 
$
0.08

 
$
0.65

 
$
0.46

 
 
 
 
 
 
 
 
Restricted stock (a)
154

 
51

 
154

 
51


(a)
Shares excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.