EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2019

EARNINGS PER SHARE:

The following table reconciles income (numerator) and shares (denominator) used in our computations of basic and diluted earnings per share for the periods presented (in thousands):



	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Income (Numerator)
Net income	$	43,383		$	29,309		$	66,154		$	73,304
Net income attributable to noncontrolling interests	(1,086		)	(1,268		)	(2,185		)	(2,139		)
Numerator for basic and diluted earnings per common share available to common shareholders	$	42,297		$	28,041		$	63,969		$	71,165

Shares (Denominator)
Weighted-average common shares outstanding	91,764			102,224			92,032			102,062
Dilutive effect of stock-settled appreciation rights and outstanding stock options	1,399			762			1,157			890
Weighted-average common and common equivalent shares outstanding	93,163			102,986			93,189			102,952

The following table shows the weighted-average stock-settled appreciation rights and outstanding stock options (in thousands) that are excluded from the calculation of diluted earnings per common share as the inclusion of such shares would be anti-dilutive:



	Three Months Ended June 30,		Six Months Ended June 30,
	2019	2018	2019	2018
Weighted-average stock-settled appreciation rights and outstanding stock options excluded	—	1,600	475	1,050