EARNINGS PER SHARE

Basic and diluted earnings per common share (“EPS”) for the three and nine months ended September 30, 2018 and 2017 were:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
	(in thousands, except per share data)
Numerator:
Net income (loss) attributable to common stockholders	$	6,520		$	(2,263	)	$	49,469		$	22,978
Less: Net income allocable to Series A Preferred stockholders ⁽¹⁾	(1,114		)	—			(8,319		)	(3,642		)
Remaining net income (loss) available to common stockholders - basic and diluted	$	5,406		$	(2,263	)	$	41,150		$	19,336
Denominator:
Weighted average common shares outstanding - basic	67,821			71,895			68,223			73,212
Plus: dilutive effect of stock options and unvested restricted stock units	4,953			—			2,881			948
Weighted average common shares outstanding - diluted	72,774			71,895			71,104			74,160

Net income (loss) per common share:
Basic	$	0.08		$	(0.03	)	$	0.60		$	0.26
Diluted	$	0.07		$	(0.03	)	$	0.58		$	0.26

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

An insignificant number of options and RSUs were antidilutive for the three month period ended September 30, 2018. For the nine months ended September 30, 2018 and 2017, 0.1 million and 0.7 million options and RSUs, respectively, were excluded from the calculation of diluted EPS under the two-class method because the effect was anti-dilutive. If converted, the Series A Preferred Stock would represent approximately 17.0% of the Company’s common stock outstanding, or 13.8 million additional common shares, as of September 30, 2018.