Income (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Income (Loss) Per Share

The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except per share amounts):

	Three Months Ended March 31,
	2019		2018
Net income	$	61,092	$	15,185
Less: Undistributed income allocated to participating securities (1)	693		192
Net income attributable to common stockholders	60,399		14,993
Plus: Net income effect of convertible securities	2,756		—
Numerator for diluted income per common share	$	63,155	$	14,993
Basic weighted-average common stock shares outstanding	49,127		45,634
Plus: dilutive effects of common stock equivalents	6,423		43
Diluted weighted-average common stock shares outstanding	55,550		45,677
Basic income per common share	$	1.23	$	0.33
Diluted income per common share	$	1.14	$	0.33

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(1) Participating securities include restricted stock that has been issued but has not yet vested.