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Income Per Share | 9 Months Ended
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Sep. 30, 2019
Income Per Share |
Income Per Share | 3. INCOME PER SHARE: The weighted average number of common shares outstanding is calculated as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2019 |  | 2018 |  | 2019 |  | 2018
Weighted average shares outstanding - basic | ​ | 51,444 | ​ | 51,325 | ​ | 51,411 | ​ | 51,281
Effect of dilutive stock-based compensation | ​ | 125 | ​ | 194 | ​ | 152 | ​ | 195
Effect of dilutive put rights |  | 263 |  | — |  | 263 |  | —
Weighted average shares outstanding - diluted |  | 51,832 |  | 51,519 |  | 51,826 |  | 51,476
​ As more fully discussed in Note 13, “Commitments and Contingencies,” to the condensed consolidated financial statements included herein, certain affiliates of Ares Management, L.P. (“Ares”) each have a put right to require the Company to purchase their joint venture interests in the Gaylord Rockies joint venture in consideration of cash or operating partnership units (“OP Units”) of RHP Hotel Properties, LP (the “Operating Partnership”). Any OP Units issued by the Operating Partnership to the certain affiliates of Ares will be redeemable at the option of the holders thereof for shares of the Company’s common stock on a one-for-one basis, subject to certain adjustments.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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