Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2019

The calculation of basic and diluted EPS was as follows:



	Year Ended December 31,
	2019		2018		2017
	(In thousands, except per share data)
Basic earnings per Class A common share
Numerator:
Net income	$	99,897	$	118,703	$	85,887
Denominator:
Weighted-average Class A shares issued and outstanding	52,195		52,222		50,482
Basic earnings per Class A common share	$	1.91	$	2.27	$	1.70

Diluted earnings per Class A common share
Numerator:
Net income	$	99,897	$	118,703	$	85,887
Denominator:
Weighted-average Class A shares issued and outstanding	52,195		52,222		50,482
Dilutive potential common shares:
Stock options	114		327		809
Service based restricted stock units	361		1,135		1,445
Performance-based restricted stock units	440		796		462
Employee stock purchase plan	28		1		—
Diluted weighted-average Class A shares issued and outstanding	53,138		54,481		53,198
Diluted earnings per Class A common share	$	1.88	$	2.18	$	1.61

Schedule of Antidilutive Shares

Additionally, we have excluded any performance based restricted stock units for which the performance contingency has not been met as of the end of the period, or whereby the result of including such awards was anti-dilutive. The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:

Note 14—Earnings per Common Share (continued)



	Year Ended December 31,
	2019	2018	2017
	(In thousands)
Class A common stock
Options to purchase Class A common stock	—	—	56
Service based restricted stock units	354	20	20
Performance-based restricted stock units	459	143	199
Total options, restricted and performance-based stock units	813	163	275