Net Income Per Common Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the reporting period. The following table sets forth the computation of basic and diluted net income per common share:

	Three Months Ended March 31,
	2020		2019
Net income	$	12,965	$	34,122
Net income per common share - basic	$	0.27	$	0.73
Net income per common share - diluted	$	0.27	$	0.71
Weighted average common shares outstanding - basic	47,359		46,784
Plus dilutive effect of potential common shares	282		988
Weighted average common shares outstanding - diluted	47,641		47,772

Share-based awards to purchase 27 and 66 shares of common stock were not included in the above calculation of diluted net income per common share for the three months ended March 31, 2020 and 2019, respectively, because the effect of these instruments was anti-dilutive.