19. Earnings Per Share

The following tables set forth reconciliations of the basic and diluted earnings per share computations for the periods presented:


	Three Months Ended June 30,						Six Months Ended June 30,
Basic Earnings per Share	2018			2017			2018			2017
Net income	$	16,724		$	12,105		$	26,148		$	18,985
Less: Income distributed to participating securities		(513	)		(178	)		(584	)		(348	)
Less: Undistributed income allocable to participating securities		(1,101	)		(19	)		(999	)		—

Net income available to common stockholders	$	15,110		$	11,908		$	24,565		$	18,637
Weighted average common shares (in thousands)		149,056			134,557			142,230			134,472

Basic earnings per share	$	0.10		$	0.09		$	0.17		$	0.14


	Three Months Ended June 30,				Six Months Ended June 30,
Diluted Earnings per Share	2018		2017		2018		2017
Net income	$	16,724	$	12,105	$	26,148	$	18,985

Weighted Average Diluted Shares (in thousands):
Weighted average common shares		149,056		134,557		142,230		134,472
Dilutive effect of common stock equivalents		14,290		1,017		7,749		1,141

Weighted average diluted shares		163,346		135,574		149,979		135,613

Diluted earnings per share	$	0.10	$	0.09	$	0.17	$	0.14

Diluted earnings per share is calculated under the treasury stock and if-converted method and the two-class method and reflects the reduction in earnings per share assuming options or other contracts to issue common stock were exercised or converted into common stock (if dilutive). The calculation that results in the most dilutive earnings per share amount for common stock is reported in the Company’s consolidated financial statements. The Company excluded 869,288 and 1,951,683 common stock equivalents from its computation of diluted earnings per share for the three months ended June 30, 2018 and 2017, respectively, and 1,140,659 and 1,780,397 common stock equivalents from its computation of diluted earnings per share for the six months ended June 30, 2018 and 2017, respectively, as they were determined to be anti-dilutive.