Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Notes)

v3.6.0.2
Earnings Per Share (Notes)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted earnings per share for the years ended December 31, 2016, 2015 and 2014:
 
Year Ended
 
December 31,
(in thousands, except share data)
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
Net income
$
353,278

 
$
492,210

 
$
167,139

Denominator:
 
 
 
 
 
Weighted average common shares outstanding
345,046,993

 
363,055,228

 
364,181,059

Weighted average restricted stock shares
3,026,711

 
2,192,510

 
1,830,796

Basic and diluted weighted average shares outstanding
348,073,704

 
365,247,738

 
366,011,855

Basic and Diluted Earnings Per Share
$
1.01

 
$
1.35

 
$
0.46