Earnings Per Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net income	$	18,035	$	21,136	$	37,330	$	69,878

Weighted average common shares outstanding-basic	88,531		86,324		88,397		88,190
Plus: net effect of dilutive stock options and restricted stock units	1,697		2,000		1,579		2,251
Weighted average common shares outstanding-diluted	90,228		88,324		89,976		90,441
Net income per common share -- basic	$	0.20	$	0.24	$	0.42	$	0.79
Net income per common share -- diluted	$	0.20	$	0.24	$	0.42	$	0.77

For the three months ended September 30, 2020 and 2019, (i) 1,227,140 and 625,573 stock options, respectively, and (ii) restricted stock units representing 807 and 1,693 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 nine months ended September 30, 2020 and 2019, (i) 1,126,976 and 472,627 stock options, respectively, and (ii) restricted stock units representing 2,297 and 2,791 shares of common stock, respectively, were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.