Net Income per Share

6 Months Ended

Jun. 30, 2019

The computation of the Company's basic and diluted net income per share is as follows:



	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
	(In thousands, except per share data)
Numerator for basic and diluted income per common share:
Net income	$	21,390		$	12,713		$	53,033		$	29,786
Less: Net income allocated to unvested participating restricted stock	(719		)	(428		)	(1,827		)	(1,000		)
Net income available to common stockholders - basic	20,671			12,285			51,206			28,786
Effect of unvested participating restricted stock in two-class calculation	7			—			20			3
Net income available to common stockholders - diluted	$	20,678		$	12,285		$	51,226		$	28,789
Denominator:
Weighted average outstanding shares of common stock - basic	17,181			17,544			17,262			17,623
Dilutive effect of stock options	382			259			364			204
Weighted average outstanding shares of common stock - diluted	17,563			17,803			17,626			17,827
Net income per common share:
Basic	$	1.20		$	0.70		$	2.97		$	1.63
Diluted	$	1.18		$	0.69		$	2.91		$	1.61