Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Net income	$	28,169	$	16,178	$	89,261	$	31,363
Less: Undistributed income allocated to participating securities (1)	324		242		1,021		433
Net income attributable to common stockholders	27,845		15,936		88,240		30,930
Plus: Net income effect of convertible securities	—		—		8,897		—
Numerator for diluted income per common share	$	27,845	$	15,936	$	97,137	$	30,930
Basic weighted-average common stock shares outstanding	49,960		45,684		49,529		45,659
Plus: dilutive effects of common stock equivalents	114		39		6,051		41
Diluted weighted-average common stock shares outstanding	50,074		45,723		55,580		45,700
Basic income per common share	$	0.56	$	0.35	$	1.78	$	0.68
Diluted income per common share	$	0.56	$	0.35	$	1.75	$	0.68

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