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 six months ended June 30, 2017 and 2016, 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 June 30,						For the Six Months Ended June 30,
	2017			2016			2017			2016
Numerator:
Net income	$	2,030		$	7,631		$	12,311		$	13,133
Less: Net income allocated to participating securities	(91		)	(69		)	(193		)	(147		)
Numerator for basic and diluted earnings available to common stockholders	$	1,939		$	7,562		$	12,118		$	12,986
Denominator:
Weighted-average basic common shares outstanding	72,564			57,478			69,773			52,789
Weighted-average diluted common shares outstanding	72,564			57,478			69,773			52,789

Earnings per common share, basic	$	0.03		$	0.13		$	0.17		$	0.25
Earnings per common share, diluted	$	0.03		$	0.13		$	0.17		$	0.25

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 the three and six months ended June 30, 2017 and 2016, as their inclusion would have been anti-dilutive.