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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Reconciliation of Number of Shares Used in Calculating Basic and Diluted Earnings per Share

The following table reconciles the number of shares used in calculating basic and diluted earnings per share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands, except per share amounts)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income

 

$

17,137

 

 

$

46,148

 

 

$

23,697

 

 

$

60,745

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

67,664

 

 

 

62,980

 

 

 

67,774

 

 

 

56,739

 

Incremental shares due to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance shares

 

 

26

 

 

 

303

 

 

 

21

 

 

 

299

 

Restricted stock units

 

 

23

 

 

 

33

 

 

 

71

 

 

 

90

 

Diluted weighted-average shares outstanding

 

 

67,713

 

 

 

63,316

 

 

 

67,866

 

 

 

57,128

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.25

 

 

$

0.73

 

 

$

0.35

 

 

$

1.07

 

Diluted net income per share

 

$

0.25

 

 

$

0.73

 

 

$

0.35

 

 

$

1.06