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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Summary Of Basic And Diluted Earnings Per Share
Basic and diluted earnings per common share (“EPS”) for the three and six months ended June 30, 2019 and 2018 were:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands, except per share data)
Numerator:
 

 
 

 
 
 
 
Net income attributable to common stockholders
$
39,198

 
$
30,426

 
$
63,908

 
$
42,949

Less: Net income allocable to Series A Convertible Preferred stockholders (1)

 
(5,121
)
 

 
(7,205
)
Remaining net income available to common stockholders - basic and diluted
$
39,198

 
$
25,305

 
$
63,908

 
$
35,744

Denominator:
 

 
 

 
 
 
 
Weighted average common shares outstanding - basic
70,936

 
68,153

 
71,967

 
68,427

Plus: dilutive effect of stock options and unvested restricted stock units for both periods and Series A Convertible Preferred Stock in 2018
979

 
3,314

 
1,402

 
2,035

Weighted average common shares outstanding - diluted
71,915

 
71,467

 
73,369

 
70,462

 
 
 
 
 
 
 
 
Net income per common share:
 

 
 

 
 
 
 
Basic
$
0.55

 
$
0.37

 
$
0.89

 
$
0.52

Diluted
$
0.55

 
$
0.35

 
$
0.87

 
$
0.51


(1) Represents the amount which would have been paid to Series A Convertible Preferred stockholders in the event the Company had declared a dividend on its common stock.