Earnings Per Share (EPS)

6 Months Ended

Jun. 30, 2019

Earnings Per Share ("EPS")

Basic EPS was computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted EPS was computed under the treasury stock method by dividing net income by the sum of the weighted average number of shares of common stock outstanding and potentially dilutive securities outstanding during the period under the treasury stock method. Potentially dilutive securities include unvested equity awards that are expected to vest and shares that the Company is contractually obligated to issue in the future.

The following table indicates the computation of basic and diluted earnings per share:



	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2019		2018		2019		2018
Calculation of net income per share:
Net income	$	13,150	$	9,626	$	27,060	$	16,209
Basic weighted average shares outstanding	49,848		49,547		49,812		49,511
Basic net income per share	$	0.26	$	0.19	$	0.54	$	0.33

Effect of stock options outstanding:
Basic weighted average shares outstanding	49,848		49,547		49,812		49,511
Effect from dilutive shares and options outstanding	294		523		306		518
Diluted weighted average shares outstanding	50,142		50,070		50,118		50,029
Diluted net income per share	$	0.26	$	0.19	$	0.54	$	0.32

The computation of diluted EPS does not include certain unvested awards, on a weighted average basis, because their inclusion would have an anti-dilutive effect on EPS. The awards excluded because of their anti-dilutive effect were as follows:



	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands)	2019	2018	2019	2018
Awards excluded from the computation of diluted net income per share because their inclusion would have been anti-dilutive	85	23	108	115