Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
6 Months Ended
Jun. 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 June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Net income
$
50,474

 
$
33,390

 
$
106,236

 
$
80,519

Preferred stock dividends
(1,824
)
 
(1,824
)
 
(3,647
)
 
(3,647
)
Income available to common stockholders
$
48,650

 
$
31,566

 
$
102,589

 
$
76,872

 
 
 
 
 
 
 
 
Weighted average shares outstanding
210,698

 
201,386

 
206,309

 
201,220

Dilutive impact of restricted stock
767

 
519

 
718

 
603

Weighted average shares outstanding for diluted income per share
211,465

 
201,905

 
207,027

 
201,823

 
 
 
 
 
 
 
 
Basic income per share
$
0.23

 
$
0.16

 
$
0.50

 
$
0.38

Diluted income per share
$
0.23

 
$
0.16

 
$
0.50

 
$
0.38

 
 
 
 
 
 
 
 
Restricted stock (a)

 
22

 

 
22


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