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Earnings / (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Components of Basic and Diluted EPS
The components of basic and diluted earnings / (loss) per share, or EPS, are as follows (in thousands, except share and per share amounts):
    
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
Net income / (loss)
$
17,690

 
$
(7,652
)
 
$
40,496

 
$
13,596

Less: income allocated to participating securities

 

 

 
(2
)
Net income / (loss) attributable to common stockholders (A)
$
17,690

 
$
(7,652
)
 
$
40,496

 
$
13,594

Weighted average common shares outstanding — basic (B)
48,518,041

 
47,812,642

 
48,360,927

 
47,494,926

Dilutive effect of stock options, restricted stock units and restricted stock awards
1,634,766

 

 
1,877,482

 
2,098,992

Weighted average common shares outstanding — diluted (C)
50,152,807

 
47,812,642

 
50,238,409

 
49,593,918

Net income / (loss) per share:
 
 
 
 

 

Basic (A/B)
$
0.36

 
$
(0.16
)
 
$
0.84

 
$
0.29

Diluted (A/C)
$
0.35

 
$
(0.16
)
 
$
0.81

 
$
0.27



Schedule of Securities Excluded from Calculation of Diluted Weighted Average Common Shares Outstanding Due to Anti-dilutive Effect
The following securities have been excluded from the calculation of diluted weighted average common shares outstanding as the inclusion of these securities would have an anti-dilutive effect:
    
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
Stock options
187,792

 
191,169

 
177,292

 
191,469

Restricted stock awards

 

 

 

Restricted stock units
325,108

 
33,100

 
239,450

 
33,100

Common stock subject to repurchase
410

 
4,005

 
410

 
4,005