XML 30 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Net Income Per Common Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Income Per Common Share
Net Income Per Common Share

The reconciliation of the numerator and denominator of the income per common share is as follows:
 
 
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollar amounts in thousands, except per share information)
 
2018
 
2017
 
2018
 
2017
Net income attributable to EVERTEC, Inc.
 
$
22,997

 
$
6,102

 
$
66,071

 
$
49,220

Less: non-forfeitable dividends on restricted stock
 
2

 
4

 
2

 
7

Net income available to EVERTEC, Inc.’s common shareholders
 
$
22,995

 
$
6,098

 
$
66,069

 
$
49,213

Weighted average common shares outstanding
 
72,721,414

 
72,386,947

 
72,590,679

 
72,509,742

Weighted average potential dilutive common shares (1)
 
1,935,686

 
706,771

 
1,532,752

 
580,270

Weighted average common shares outstanding - assuming dilution
 
74,657,100

 
73,093,718

 
74,123,431

 
73,090,012

Net income per common share - basic
 
$
0.32

 
$
0.08

 
$
0.91

 
$
0.68

Net income per common share - diluted
 
$
0.31

 
$
0.08

 
$
0.89

 
$
0.67

 
 
(1)
Potential common shares consist of common stock issuable under the assumed exercise of stock options and restricted stock awards using the treasury stock method.

On July 26, 2018, the Company's Board of Directors (the "Board") declared a quarterly cash dividend of $0.05 per share of common stock, which was paid on September 7, 2018 to stockholders of record as of the close of business on August 6, 2018.