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Earnings Per Share (EPS) | 9 Months Ended
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Sep. 30, 2019
Earnings Per Share [Abstract] |
Earnings Per Share (EPS) | 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 September 30, |  | Nine Months Ended September 30,
(in thousands, except per share amounts) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Calculation of net income per share: |  |  |  |  |  |  |  |
Net income |  | $ | 14,354 |  |  | $ | 15,534 |  |  | $ | 41,414 |  |  | $ | 31,743 |
Basic weighted average shares outstanding |  | 49,857 |  |  | 49,559 |  |  | 49,827 |  |  | 49,527 |
Basic net income per share |  | $ | 0.29 |  |  | $ | 0.31 |  |  | $ | 0.83 |  |  | $ | 0.64 |
Effect of stock options outstanding: |  |  |  |  |  |  |  |
Basic weighted average shares outstanding |  | 49,857 |  |  | 49,559 |  |  | 49,827 |  |  | 49,527 |
Effect from dilutive shares and options outstanding |  | 272 |  |  | 558 |  |  | 283 |  |  | 517 |
Diluted weighted average shares outstanding |  | 50,129 |  |  | 50,117 |  |  | 50,110 |  |  | 50,044 |
Diluted net income per share |  | $ | 0.29 |  |  | $ | 0.31 |  |  | $ | 0.83 |  |  | $ | 0.63 |
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 September 30, |  | Nine Months Ended September 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 |  | 93 |  |  | 13 |  |  | 109 |  |  | 60 |

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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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