Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings per Share

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

	Year Ended December 31,
	2019		2018		2017
Net Income	$	40,809	$	39,427	$	72,621
Less: Undistributed income allocated to participating securities (1)	438		556		878
Net income attributable to common stockholders	40,371		38,871		71,743
Plus: Net income effect of convertible securities	—		—		—
Numerator for diluted income per common share	$	40,371	$	38,871	$	71,743
Basic weighted-average common stock shares outstanding	50,352		45,726		45,543
Plus: dilutive effects of common stock equivalents	118		29		40
Diluted weighted-average common stock shares outstanding	50,470		45,755		45,583
Basic income per common share	$	0.80	$	0.85	$	1.58
Diluted income per common share	$	0.80	$	0.85	$	1.57

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(1)

Participating securities includes restricted stock that has been issued but has not yet vested.