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Earnings per Share | 6 Months Ended
--- | ---
Jun. 30, 2019
Earnings per Share |
Earnings per Share |
10. | Earnings per Share
The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ | ​ | 2019 | ​ | 2018 | ​ | 2019 | ​ | 2018
Net income | ​ | $ | 20,534 | ​ | $ | 68,936 | ​ | $ | 40,961 | ​ | $ | 89,295
Less income allocated to non-controlling interests | ​ |  | (88) | ​ |  | — | ​ |  | (169) | ​ |  | —
Less income allocated to participating securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-forfeitable dividends on participating securities | ​ | ​ | (94) | ​ | ​ | (91) | ​ | ​ | (186) | ​ | ​ | (179)
Income allocated to participating securities | ​ | ​ | — | ​ | ​ | (187) | ​ | ​ | — | ​ | ​ | (187)
Total net income allocated to participating securities | ​ | ​ | (94) | ​ | ​ | (278) | ​ | ​ | (186) | ​ | ​ | (366)
Net income available to common stockholders | ​ | ​ | 20,352 | ​ | ​ | 68,658 | ​ | ​ | 40,606 | ​ | ​ | 88,929
Effect of dilutive securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Participating securities | ​ | ​ | — | (1) | ​ | 278 | ​ | ​ | — | (1) | ​ | 366
Net income for diluted net income per share | ​ | $ | 20,352 | ​ | $ | 68,936 | ​ | $ | 40,606 | ​ | $ | 89,295
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shares for basic net income per share | ​ | ​ | 39,577 | ​ | ​ | 39,471 | ​ | ​ | 39,555 | ​ | ​ | 39,461
Effect of dilutive securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Stock options | ​ | ​ | 5 | ​ | ​ | 2 | ​ | ​ | 5 | ​ | ​ | 2
Performance-based stock units | ​ | ​ | 187 | ​ | ​ | 132 | ​ | ​ | 187 | ​ | ​ | 132
Participating securities | ​ | ​ | — | (1) | ​ | 160 | ​ | ​ | — | (1) | ​ | 155
Total effect of dilutive securities | ​ | ​ | 192 | ​ | ​ | 294 | ​ | ​ | 192 | ​ | ​ | 289
Shares for diluted net income per share | ​ | ​ | 39,769 | ​ | ​ | 39,765 | ​ | ​ | 39,747 | ​ | ​ | 39,750
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic net income per share | ​ | $ | 0.51 | ​ | $ | 1.74 | ​ | $ | 1.03 | ​ | $ | 2.25
Diluted net income per share | ​ | $ | 0.51 | ​ | $ | 1.73 | ​ | $ | 1.02 | ​ | $ | 2.25
(1) | For the three and six months ended June 30, 2019, the participating securities have been excluded from the computation of diluted net income per share as such inclusion would be anti-dilutive.
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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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