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 September 30,						Nine Months Ended September 30,
Basic Earnings per Share	2018			2017			2018			2017
Net income	$	22,049		$	7,976		$	48,197		$	26,961
Less: Income distributed to participating securities		(507	)		(175	)		(1,091	)		(523	)
Less: Undistributed income allocable to participating securities		(1,719	)		—			(2,518	)		—

Net income available to common stockholders	$	19,823		$	7,801		$	44,588		$	26,438
Weighted average common shares (in thousands)		150,892			134,709			145,149			134,552

Basic earnings per share	$	0.13		$	0.06		$	0.31		$	0.20


	Three Months Ended September 30,						Nine Months Ended September 30,
Diluted Earnings per Share	2018			2017			2018			2017
Net income	$	22,049		$	7,976		$	48,197		$	26,961

Weighted Average Diluted Shares (in thousands):
Weighted average common shares		150,892			134,709			145,149			134,552
Dilutive effect of common stock equivalents		9,730			1,224			10,435			1,216

Weighted average diluted shares		166,622			135,933			155,584			135,768

Diluted earnings per share	$	0.13		$	0.06		$	0.31		$	0.20

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 1,243,549 and 337,682 common stock equivalents from its computation of diluted earnings per share for the three months ended September 30, 2018 and 2017, respectively, and 1,406,844 and 1,745,469 common stock equivalents from its computation of diluted earnings per share for the nine months ended September 30, 2018 and 2017, respectively, as they were determined to be anti-dilutive.