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Earnings Per Share | 6 Months Ended
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Jun. 30, 2018
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE Basic and diluted earnings per common share (“EPS”) for the three and six months ended June 30, 2018 and 2017 were:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (in thousands, except per share data)
Numerator: |  |  |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | 30,426 |  |  | $ | 18,086 |  |  | $ | 42,949 |  |  | $ | 25,241 |
Less: Net income allocable to Series A convertible preferred stockholders (1) | (5,121 | ) |  | (2,843 | ) |  | (7,205 | ) |  | (3,971 | )
Adjusted net income available to common stockholders - basic and diluted | $ | 25,305 |  |  | $ | 15,243 |  |  | $ | 35,744 |  |  | $ | 21,270 |
Denominator: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic | 68,153 |  |  | 73,953 |  |  | 68,427 |  |  | 73,882 |
Plus: dilutive effect of stock options and unvested restricted stock units | 3,314 |  |  | 619 |  |  | 2,035 |  |  | 743 |
Weighted average common shares outstanding - diluted | 71,467 |  |  | 74,572 |  |  | 70,462 |  |  | 74,625 |
Net income per common share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.37 |  |  | $ | 0.21 |  |  | $ | 0.52 |  |  | $ | 0.29 |
Diluted | $ | 0.35 |  |  | $ | 0.20 |  |  | $ | 0.51 |  |  | $ | 0.29 |
(1) Represents the amount which would have been paid to preferred stockholders in the event the Company had declared a dividend on its common stock. For the three months ended June 30, 2018 and 2017, 0.1 million and 2.2 million options and restricted stock units, respectively, were excluded from the calculation of diluted EPS under the two-class method because the effect was anti-dilutive. For the six months ended June 30, 2018 and 2017, 0.2 million and 0.8 million options and restricted stock units, respectively, were excluded from the calculation of diluted EPS under the two-class method because the effect was anti-dilutive. If converted, Series A Preferred Stock would represent approximately 16.8% of the Company’s common stock outstanding, or 13.8 million additional common shares, as of June 30, 2018.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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