| Reconciliation of the Denominators of the Basic and Diluted EPS Computations |
The following table presents EPS from continuing operations, discontinued operations and total net income available to common shareholders for the three and nine months ended September 30, 2020 and 2019 (dollars in thousands except per share data):
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2020 |
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2019 |
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2020 |
|
2019 |
Net Income: |
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Income from continuing operations |
|
$ |
61,000 |
|
$ |
53,196 |
|
$ |
98,798 |
|
$ |
137,820 |
Income (loss) from discontinued operations |
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|
— |
|
|
42 |
|
|
— |
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|
(128) |
Net Income |
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|
61,000 |
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|
53,238 |
|
|
98,798 |
|
|
137,692 |
Preferred Stock Dividends |
|
|
2,691 |
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— |
|
|
2,691 |
|
|
— |
Net income available to common shareholders |
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$ |
58,309 |
|
$ |
53,238 |
|
$ |
96,107 |
|
$ |
137,692 |
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Weighted average shares outstanding, basic |
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78,714 |
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81,769 |
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78,905 |
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|
80,121 |
Dilutive effect of stock awards and warrants |
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11 |
|
|
64 |
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16 |
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|
63 |
Weighted average shares outstanding, diluted |
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78,725 |
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81,833 |
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78,921 |
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80,184 |
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Basic EPS: |
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EPS from continuing operations |
|
$ |
0.74 |
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$ |
0.65 |
|
$ |
1.22 |
|
$ |
1.72 |
EPS from discontinued operations |
|
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— |
|
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— |
|
|
— |
|
|
— |
EPS available to common shareholders |
|
$ |
0.74 |
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$ |
0.65 |
|
$ |
1.22 |
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$ |
1.72 |
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Diluted EPS: |
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EPS from continuing operations |
|
$ |
0.74 |
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$ |
0.65 |
|
$ |
1.22 |
|
$ |
1.72 |
EPS from discontinued operations |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
EPS available to common shareholders |
|
$ |
0.74 |
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$ |
0.65 |
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$ |
1.22 |
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$ |
1.72 |
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