Earnings Per Share

12 Months Ended

Dec. 31, 2019

14. Earnings Per Share

The following table reconciles the numerators and denominators used in the computations of basic and diluted earnings per share from continuing operations (in thousands, expect per share data):


	Year Ended December 31,
	2019		2018		2017
Numerator:
Income from continuing operations	$	164,312	$	340,921	$	249,576
Less: Net income attributable to noncontrolling interests	3,954		5,129		5,113

Net income from continuing operations available to common stockholders, basic and diluted	$	160,358	$	335,792	$	244,463
Denominator:
Basic weighted-average common shares outstanding	274,168		275,235		276,893
Add: Dilutive effect of stock options and restricted stock awards	2,049		2,283		1,427
Diluted weighted-average common shares outstanding	276,217		277,518		278,320
Earnings per share from continuing operations:
Basic	$	0.58	$	1.22	$	0.88
Diluted	$	0.58	$	1.21	$	0.88

Basic earnings per share are based on the weighted-average number of common shares outstanding during each period. Diluted earnings per share are based on the weighted-average number of common shares outstanding plus the effect of all dilutive common stock equivalents during each period. The calculation of diluted weighted-average shares excludes the impact of 3 million, 3 million and 5 million of anti-dilutive common stock equivalents for the years ended December 31, 2019, 2018 and 2017, respectively.