Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Net Income Per Common Share

Schedule of net income per common share

The calculation of the weighted average number of shares of common stock outstanding for Basic EPS and Diluted EPS for the periods indicated (in thousands, except per share data) is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Numerator:
Net Income (loss)	$	(25,715)	$	88,052	$	4,273	$	176,233
Denominator:
Weighted average number of common shares outstanding		50,140		51,145		50,208		51,293
Effect of outstanding share-based awards		—		332		149		494
Weighted average number of shares for diluted net income per common share		50,140		51,477		50,357		51,787
Basic earnings per share	$	(0.51)	$	1.72	$	0.09	$	3.44
Diluted earnings per share	$	(0.51)	$	1.71	$	0.08	$	3.40