Earnings Per Share

9 Months Ended

Sep. 30, 2019

20.	Earnings Per Share

The following table summarizes our net income and the number of common shares used in the computation of basic and diluted income per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
(Amounts in thousands, except per share amounts)	2019			2018			2019			2018
Numerator:
Net income attributable to common stockholders	$	7,082		$	37,531		$	13,246		$	3,829
Earnings allocated to unvested participating securities		(17	)		(27	)		(54	)		(63	)
Numerator for income per common share - basic and diluted	$	7,065		$	37,504		$	13,192		$	3,766
Denominator:
Denominator for basic income per common share - weighted average shares		231,198			240,448			232,974			240,366
Effect of dilutive stock-based compensation plans ⁽¹⁾		32			41			31			25
Denominator for diluted income per common share - weighted average shares		231,230			240,489			233,005			240,391

Income per common share - basic and diluted	$	0.03		$	0.16		$	0.06		$	0.02

⁽¹⁾

^{The effect of dilutive securities excludes 26,936 and 27,322 weighted average share equivalents for the three months ended September 30, 2019 and 2018, respectively, and 27,112 and 26,452 weighted average share equivalents for the nine months ended September 30, 2019 and 2018, respectively, as their effect was anti-dilutive.}