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NET INCOME PER COMMON SHARE
9 Months Ended
Sep. 30, 2019
NET INCOME PER COMMON SHARE  
NET INCOME PER COMMON SHARE

NOTE 6—NET INCOME PER COMMON SHARE

 

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the net income of the Company.  For the three and nine months ended September 30, 2019, 2.2 million and 8.2 million restricted stock units have not been considered in the diluted earnings per share calculation, as the effect would be anti-dilutive, respectively.     

 

The following tables set forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

    

2019

    

2018

    

2019

    

2018

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,731

 

$

4,003

 

$

1,247

 

$

6,529

 

 

Weighted average common shares

 

 

47,426

 

 

45,115

 

 

46,704

 

 

44,491

 

 

Earnings per share

 

$

0.04

 

$

0.09

 

$

0.03

 

$

0.15

 

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,731

 

$

4,003

 

$

1,247

 

$

6,529

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares

 

 

47,426

 

 

45,115

 

 

46,704

 

 

44,491

 

 

Potential common shares

 

 

978

 

 

1,985

 

 

500

 

 

1,858

 

 

Diluted weighted average common shares

 

 

48,404

 

 

47,100

 

 

47,204

 

 

46,349

 

 

Diluted earnings per share

 

$

0.04

 

$

0.08

 

$

0.03

 

$

0.14