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Earnings Per Share
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
20. Earnings Per Share
The following tables set forth reconciliations of the basic and diluted earnings per share computations for the periods presented:
 
 
 
Three Months Ended March 31,
 
Basic Earnings per Share
 
2019
 
 
2018
 
Net income
 
$
8,824
 
 
$
9,424
 
Less: Income distributed to participating securities
 
 
(544
)
 
 
(71
)
Less: Undistributed income allocable to participating securities
 
 
(391
)
 
 
(85
)
Net income available to common stockholders
 
$
7,889
 
 
$
9,268
 
Weighted average common shares (in thousands)
 
 
151,625
 
 
 
135,329
 
Basic earnings per share
 
$
0.05
 
 
$
0.07
 
 
 
 
 
Three Months Ended March 31,
 
Diluted Earnings per Share
 
2019
 
 
2018
 
Net income
 
$
8,824
 
 
$
9,424
 
Weighted Average Diluted Shares (in thousands):
 
 
 
 
 
 
 
 
Weighted average common shares
 
 
151,625
 
 
 
135,329
 
Dilutive effect of common stock equivalents
 
 
15,186
 
 
 
1,139
 
Weighted average diluted shares
 
 
166,811
 
 
 
136,468
 
Diluted earnings per share
 
$
0.05
 
 
$
0.07
 
Diluted earnings per share is calculated under both the treasury stock and if-converted method and the two-class method and reflects the reduction in earnings per share assuming options or other contracts to issue common stock were exercised or converted into common stock (if dilutive). The calculation that results in the most dilutive earnings per share amount for common stock is reported in the Company’s consolidated financial statements. The Company excluded 3,495,080 and 1,101,513 common stock equivalents from its computation of diluted earnings per share for the three months ended March 31, 2019 and 2018, respectively, as they were determined to be anti-dilutive.