Earnings Per Common Share

3 Months Ended

Mar. 31, 2019

EARNINGS PER COMMON SHARE

The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three months ended March 31, 2019 and 2018, 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 March 31,
	2019			2018
Numerator:
Net income	$	16,053		$	14,607
Less: Net income allocated to participating securities	(86		)	(126		)
Numerator for basic and diluted earnings available to common stockholders	$	15,967		$	14,481
Denominator:
Weighted-average basic common shares outstanding	88,010			75,504
Weighted-average diluted common shares outstanding	88,010			75,504

Earnings per common share, basic	$	0.18		$	0.19
Earnings per common share, diluted	$	0.18		$	0.19

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 months ended March 31, 2019 and 2018, when their inclusion would have been anti-dilutive.