Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Numerator and the Denominator of the Basic and Diluted

The following table reconciles the numerator and the denominator of the basic and diluted net income per share computation (in thousands, except for per share data):



	For the Year Ended December 31,
	2019				2018					2017
	Basic		Diluted		Basic		Diluted			Basic		Diluted
Numerator:
Net income applicable to common shareholders	$	20,928	$	20,928	$	65,031	$	65,031		$	176,220	$	176,220
Denominator:
Weighted-average shares outstanding: Basic	31,546		31,546		34,491		34,491			34,605		34,605
Dilutive effect of stock options, RSUs and convertible securities			239				816					1,174
Weighted-average shares outstanding: Diluted			31,785				35,307					35,779
Earnings Per Share:
Net income: Basic	$	0.66	0.66		$	1.89	1.89			$	5.09	5.09
Dilutive effect of stock options, RSUs and convertible securities			—				(0.05		)			(0.16		)
Net income: Diluted			$	0.66			$	1.84				$	4.93

Schedule of Excluded from Computation of EPS

Set forth below are the securities and the weighted average number of shares of common stock underlying such securities that were excluded from our computation of earnings per share for the periods presented (in thousands):



	For the Year Ended December 31,
	2019	2018	2017
Restricted stock units and stock options	128	25	19
Convertible securities	5,495	—	—
Warrants	5,495	4,404	—
Total	11,118	4,429	19