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, 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 September 30,						For the Nine Months Ended September 30,
	2017			2016			2017			2016
Numerator:
Net income	$	11,311		$	7,832		$	23,622		$	20,965
Less: Net income allocated to participating securities	(83		)	(58		)	(277		)	(205		)
Numerator for basic and diluted earnings available to common stockholders	$	11,228		$	7,774		$	23,345		$	20,760
Denominator:
Weighted-average basic common shares outstanding	75,471			57,595			71,693			54,403
Weighted-average diluted common shares outstanding	75,471			57,595			71,693			54,403

Earnings per common share, basic	$	0.15		$	0.13		$	0.33		$	0.38
Earnings per common share, diluted	$	0.15		$	0.13		$	0.33		$	0.38

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 nine months ended September 30, 2017 and 2016, as their inclusion would have been anti-dilutive.