Earnings Per Share

9 Months Ended

Sep. 30, 2020

Earnings per Share:

Basic earnings per share ("EPS") are computed by dividing net income available to common stockholders of PRA Group, Inc. by weighted average common shares outstanding. Diluted EPS are computed using the same components as basic EPS with the denominator adjusted for the dilutive effect of the Convertible Notes and nonvested share awards, if dilutive. There has been no dilutive effect of the Convertible Notes since issuance through September 30, 2020. Share-based awards that are contingent upon the attainment of performance goals are included in the computation of diluted EPS if the effect is dilutive. The dilutive effect of nonvested shares is computed using the treasury stock method, which assumes any proceeds that could be obtained upon the vesting of nonvested shares would be used to purchase common shares at the average market price for the period.

The following table provides a reconciliation between the computation of basic EPS and diluted EPS for the three and nine months ended September 30, 2020 and 2019 (amounts in thousands, except per share amounts):


	For the Three Months Ended September 30,
	2020					2019
	Net Income Attributable to PRA Group, Inc.		Weighted Average Common Shares	EPS		Net Income Attributable to PRA Group, Inc.		Weighted Average Common Shares	EPS
Basic EPS	$	42,492	45,579	$	0.93	$	24,971	45,410	$	0.55
Dilutive effect of nonvested share awards			561	(0.01)				235	—
Diluted EPS	$	42,492	46,140	$	0.92	$	24,971	45,645	$	0.55

	For the Nine Months Ended September 30,
	2020					2019
	Net income attributable to PRA Group, Inc.		Weighted Average Common Shares	EPS		Net income attributable to PRA Group, Inc.		Weighted Average Common Shares	EPS
Basic EPS	$	119,541	45,526	$	2.63	$	58,817	45,378	$	1.30
Dilutive effect of nonvested share awards			445	(0.03)				142	(0.01)
Diluted EPS	$	119,541	45,971	$	2.60	$	58,817	45,520	$	1.29

There were no antidilutive options outstanding for the three and nine months ended September 30, 2020 and 2019.