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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic earnings per share is computed by dividing the net income (loss) from continuing operations by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated based on the combined weighted average number of common shares and potentially dilutive shares, which include the assumed exercise of employee stock options, including market-based performance stock options based on the expected achievement of performance targets, unvested restricted stock awards, unvested restricted stock units and unvested performance stock units, including market-based performance units based on the expected achievement of performance targets. In computing diluted earnings per share, we utilize the treasury stock method.
A summary of the numerator and denominators used in the computation of earnings per share follows:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
22,302

 
$
12,080

 
$
20,096

 
$
(41,820
)
Denominators:
 
 
 
 
 
 
 
Number of shares outstanding, end of period:
 
 
 
 
 
 
 
Class A common stock
41,932

 
41,055

 
41,932

 
41,055

Class B common stock
988

 
988

 
988

 
988

Unvested restricted stock
(32
)
 
(82
)
 
(32
)
 
(82
)
Effect of weighted average shares outstanding
(109
)
 
(10
)
 
(283
)
 
(178
)
Basic weighted average common shares outstanding
42,779

 
41,951

 
42,605

 
41,783

Impact of potentially dilutive securities:
 
 
 
 
 
 
 
Dilutive effect of stock options and other stock awards
1,396

 
1,344

 
1,333

 

Diluted weighted average common shares outstanding
44,175

 
43,295

 
43,938

 
41,783

Anti-dilutive potentially issuable shares

 

 
2

 
2,560