Earnings Per Share

6 Months Ended

Jun. 30, 2020

The following table reconciles the basic to diluted weighted average common shares outstanding using the treasury stock method (in thousands, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net income	$	6,613	$	29,100	$	19,295	$	48,742

Weighted average common shares outstanding-basic	88,244		85,956		88,328		86,524
Plus: net effect of dilutive stock options and restricted stock units	1,590		1,902		1,514		2,319
Weighted average common shares outstanding-diluted	89,834		87,858		89,842		88,843
Net income per common share -- basic	$	0.07	$	0.34	$	0.22	$	0.56
Net income per common share -- diluted	$	0.07	$	0.33	$	0.21	$	0.55

For the three months ended June 30, 2020 and 2019, (i) 1,259,362 and 588,379 stock options, respectively, and (ii) restricted stock units representing 16,285 and 227,604 shares of the Company's common stock, respectively, were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.

For the six months ended June 30, 2020 and 2019, (i) 1,063,917 and 394,886 stock options, respectively, and (ii) restricted stock units representing 9,807 and 151,279 shares of common stock, respectively, were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.