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Earnings Per Common Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Common Share
EARNINGS PER COMMON SHARE
The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three and nine months ended September 30, 2016 and 2015, and reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS (amounts in thousands, except per share amounts):
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Net income
$
7,832

 
$
727

 
$
20,965

 
$
5,031

Less: Net income allocated to participating securities
(58
)
 
(80
)
 
(205
)
 
(209
)
Numerator for basic and diluted earnings available to common stockholders
$
7,774

 
$
647

 
$
20,760

 
$
4,822

Denominator:
 
 
 
 
 
 
 
Weighted-average basic common shares outstanding
57,595

 
39,125

 
54,403

 
33,916

Weighted-average diluted common shares outstanding
57,595

 
39,125

 
54,403

 
33,916

 
 
 
 
 
 
 
 
Earnings per common share, basic
$
0.13

 
$
0.02

 
$
0.38

 
$
0.14

Earnings per common share, diluted
$
0.13

 
$
0.02

 
$
0.38

 
$
0.14


The Company’s unvested restricted shares associated with its incentive award plan and unvested restricted shares issued to employees of Ensign at the Spin-Off have been excluded from the above calculation of earnings per diluted share for both the three and nine months ended September 30, 2016 and 2015, as their inclusion would have been anti-dilutive.