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Earnings Per Share
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
21. Earnings Per Share
The following tables set forth reconciliations of the basic and diluted earnings per share computations for the periods presented:
 
 
 
Years Ended December 31,
 
 
 
2018
 
 
2017
 
 
2016
 
Basic Earnings per Share
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
36,633
 
 
$
27,199
 
 
$
26,155
 
Less: Income distributed to participating securities
 
 
(1,595
)
 
 
(696
)
 
 
(773
)
Less: Undistributed income allocable to participating securities
 
 
(1,409
)
 
 
—
 
 
 
—
 
Net income available to common stockholders
 
$
33,629
 
 
$
26,503
 
 
$
25,382
 
Weighted average common shares (in thousands)
 
 
146,645
 
 
 
134,614
 
 
 
134,401
 
Basic earnings per share
 
$
0.23
 
 
$
0.20
 
 
$
0.19
 
Diluted Earnings per Share
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
36,633
 
 
$
27,199
 
 
$
26,155
 
Weighted Average Diluted Shares (in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares
 
 
146,645
 
 
 
134,614
 
 
 
134,401
 
Dilutive effect of common stock equivalents
 
 
11,770
 
 
 
1,389
 
 
 
1,138
 
Weighted average diluted shares
 
 
158,415
 
 
 
136,003
 
 
 
135,539
 
Diluted earnings per share
 
$
0.23
 
 
$
0.20
 
 
$
0.19
 
 
Diluted earnings per share is calculated under the treasury stock and if-converted method and 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 1,374,000, 1,593,000 and 996,000 common stock equivalents from its computation of diluted earnings per share for the years ended December 31, 2018, 2017 and 2016, respectively, as they were determined to be anti-dilutive.