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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2019
Schedule of Calculation of Numerator and Denominator in Earnings Per Share

A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):

 

 

 

For the Three Months Ended

June 30,

 

 

For the Six Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

NUMERATOR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

48,578

 

 

$

39,197

 

 

$

97,918

 

 

$

76,974

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

48,578

 

 

$

39,197

 

 

$

97,918

 

 

$

76,974

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

119,080

 

 

 

118,546

 

 

 

119,026

 

 

 

118,501

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

119,080

 

 

 

118,546

 

 

 

119,026

 

 

 

118,501

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

51

 

 

 

92

 

 

43

 

 

 

96

 

Restricted stock-based awards

 

131

 

 

 

10

 

 

112

 

 

 

29

 

Weighted average shares and assumed conversions

 

 

119,262

 

 

 

118,648

 

 

 

119,181

 

 

 

118,626

 

BASIC EARNINGS PER SHARE

 

$

0.41

 

 

$

0.33

 

 

$

0.82

 

 

$

0.65

 

DILUTED EARNINGS PER SHARE

 

$

0.41

 

 

$

0.33

 

 

$

0.82

 

 

$

0.65