Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2020

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 earnings per common share (“EPS”) for the Company’s common stock for the three months ended March 31, 2020 and 2019, 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,
	2020		2019
Numerator:
Net income	$	19,325	$	16,053
Less: Net income allocated to participating securities	(75)		(86)
Numerator for basic and diluted earnings available to common stockholders	$	19,250	$	15,967
Denominator:
Weighted-average basic common shares outstanding	95,161		88,010
Weighted-average diluted common shares outstanding	95,161		88,010
Earnings per common share, basic	$	0.20	$	0.18
Earnings per common share, diluted	$	0.20	$	0.18