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Earnings Per Share
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
20. 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
  
2019
     
2018
   
2019
   
2018
 
Net income
  $
2,479
    $
16,724
    $
11,303
    $
26,148
 
Less: Income distributed to participating securities
   
(539
 )    
(513
 )    
(1,083
 )    
(584
 )
Less: Undistributed income allocable to participating securities
   
—  
      
(1,101
 )    
(117
 )    
(999
 )
                                 
Net income available to common stockholders
  $
1,940
    $
15,110
    $
10,103
    $
24,565
 
Weighted average common shares (in thousands)
   
151,818
     
149,056
     
151,722
     
142,230
 
                                 
Basic earnings per share
  $
0.01
    $
0.10
    $
0.07
    $
0.17
 
                                 
 
  
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
Diluted Earnings per Share
  
2019
   
2018
   
2019
   
2018
 
Net income
  $
2,479
    $
16,724
    $
11,303
    $
26,148
 
                                 
Weighted Average Diluted Shares (in thousands)
:
    
     
     
     
 
Weighted average common shares
   
151,818
     
149,056
     
151,722
     
142,230
 
Dilutive effect of common stock equivalents
   
15,431
     
14,290
     
15,133
     
7,749
 
                                 
Weighted average diluted shares
   
167,249
     
163,346
     
166,855
     
149,979
 
                                 
Diluted earnings per share
  $
0.01
    $
0.10
    $
0.07
    $
0.17
 
                                 
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 920,166 and 869,288 common stock equivalents from its computation of diluted earnings per share during the three months ended June 30, 2019 and 2018, respectively, and 1,239,431 and 1,140,659 common stock equivalents from its computation of diluted earnings per share during the six months ended June 30, 2019 and 2018, respectively, as they were determined to be anti-dilutive.