NET INCOME PER SHARE

3 Months Ended

Mar. 31, 2020

Basic and diluted net income per share was as follows:



	Three Months Ended March 31,
	2020		2019
	(In thousands, except per share amounts)
Basic net income per share:
Net income	$	9,180	$	32,756
Weighted average common shares outstanding	85,188		85,343
Basic net income per common share	$	0.11	$	0.38

Diluted net income per share:
Net income	$	9,180	$	32,756

Weighted average common shares outstanding — Basic	85,188		85,343
Effect of dilutive securities:
Stock options and restricted stock	704		915
Weighted average common shares for diluted earnings per share	85,892		86,258

Diluted net income per common share	$	0.11	$	0.38

Common stock of approximately 0.4 million shares at March 31, 2020, and 2019 that are issuable through exercise of dilutive securities were not included in the computation of diluted net income per share because their effect would have been anti-dilutive.

Performance Shares and Restricted Units that entitle the holders to approximately 0.5 million shares of common stock are included in the basic and diluted weighted average shares outstanding calculation from their date of issuance because no further consideration is due related to the issuance of the underlying common shares.