EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic and diluted earnings per common share (“EPS”) for the three months ended March 31, 2020 and 2019 were:

	Three Months Ended March 31,
	2020		2019
	(in thousands, except per share data)
Numerator:
Net income	$	11,091	$	24,710
Denominator:
Weighted average common shares outstanding - basic	67,931		73,009
Plus: Dilutive effect of stock options and unvested restricted stock units	1,287		1,866
Weighted average common shares outstanding - diluted	69,218		74,875
Net income per common share:
Basic	$	0.16	$	0.34
Diluted	$	0.16	$	0.33

For the three months ended March 31, 2020, less than 0.1 million options and restricted stock units (“RSUs”) were excluded from the calculation of diluted EPS because the effect was anti-dilutive. For the three months ended March 31, 2019, no options or RSUs were excluded from the calculation of diluted EPS because the effect was anti-dilutive.