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Net Income per Common Share
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Net Income per Common Share Net Income per Common Share
The table below presents basic and diluted net income per share of common stock using the two-class method for the years ended December 31, 2019, December 31, 2018 and December 31, 2017 (dollars, other than shares and per share amounts, in thousands):

 
For the year ended December 31, 2019
 
For the year ended December 31, 2018
 
For the year ended December 31, 2017
Numerator:
 

 
 

 
 

Net income attributable to common stockholders and participating securities for basic and diluted earnings per share
$
70,699

 
$
26,409

 
$
85,097

Less:
 

 
 

 
 

Dividends and undistributed earnings allocated to participating securities
303

 
138

 
312

Net income allocable to common stockholders—basic and diluted
$
70,396

 
$
26,271

 
$
84,785

Denominator:
 

 
 

 
 

Weighted average common shares outstanding for basic earnings per share
51,278,932

 
43,388,810

 
41,817,455

Weighted average common shares outstanding for diluted earnings per share
51,278,932

 
43,388,810

 
41,817,455

Basic earnings per common share
$
1.37

 
$
0.61

 
$
2.03

Diluted earnings per common share
$
1.37

 
$
0.61

 
$
2.03


For the years ended December 31, 2019, December 31, 2018 and December 31, 2017, the Company excluded the effects of the convertible senior unsecured notes from the computation of diluted earnings per share since the average market value per share of the Company's common stock was below the exercise price of the convertible senior unsecured notes. For the years ended December 31, 2019, December 31, 2018 and December 31, 2017, the Company excluded the effects of the warrants from the computation of diluted earnings per share since the average market value per share of the Company’s common stock was below the exercise price of the warrants.