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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Reconciliation of Weighted-Average Common Shares Outstanding Used in Calculation of Basic EPS to Diluted EPS
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, 2018 and 2017, 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,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income
$
14,510

 
$
11,311

 
$
42,384

 
$
23,622

Less: Net income allocated to participating securities
(84
)
 
(83
)
 
(282
)
 
(277
)
Numerator for basic and diluted earnings available to common stockholders
$
14,426

 
$
11,228

 
$
42,102

 
$
23,345

Denominator:
 
 
 
 
 
 
 
Weighted-average basic common shares outstanding
81,490

 
75,471

 
77,811

 
71,693

Weighted-average diluted common shares outstanding
81,490

 
75,471

 
77,811

 
71,693

 
 
 
 
 
 
 
 
Earnings per common share, basic
$
0.18

 
$
0.15

 
$
0.54

 
$
0.33

Earnings per common share, diluted
$
0.18

 
$
0.15

 
$
0.54

 
$
0.33