Earnings Per Share

9 Months Ended

Sep. 30, 2019

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 September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Basic Earnings per Share
Net income	$	4,152		$	22,049		$	15,455		$	48,197
Less: Income distributed to participating securities		(539	)		(507	)		(1,622	)		(1,091	)
Less: Undistributed income allocable to participating securities		—			(1,719	)		(18	)		(2,518	)

Net income available to common stockholders	$	3,613		$	19,823		$	13,815		$	44,588
Weighted average common shares (in thousands)		151,897			150,892			151,782			145,149

Basic earnings per share	$	0.02		$	0.13		$	0.09		$	0.31


	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Diluted Earnings per Share
Net income	$	4,152		$	22,049		$	15,455		$	48,197

Weighted Average Diluted Shares (in thousands) :
Weighted average common shares		151,897			150,892			151,782			145,149
Dilutive effect of common stock equivalents		15,266			15,730			15,162			10,435

Weighted average diluted shares (in thousands)		167,163			166,622			166,944			155,584

Diluted earnings per share	$	0.02		$	0.13		$	0.09		$	0.31

Diluted earnings per share presented above is calculated using the treasury stock and

if-converted

method and results in the same dilutive earnings per share amount for common stock when calculated under the

two-class

method.

Company excluded

857,836

and

1,243,549

common stock equivalents from its computation of diluted earnings per share for the three months ended September

2019

and

2018

, respectively, and

1,417,375

and

1,406,844

common stock equivalents from its computation of diluted earnings per share for the nine months ended September

2019

and

2018

, respectively, as they were determined to be anti-dilutive.