EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

7.	EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. For CoreCivic, diluted earnings per share is computed by dividing net income by the weighted average number of common shares after considering the additional dilution related to restricted stock-based awards, stock options, and Operating Partnership Units.

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 March 31,
	2020		2019
NUMERATOR
Basic:
Net income attributable to common stockholders	$	32,057	$	49,340
Diluted:
Net income attributable to common stockholders	$	32,057	$	49,340
Net income attributable to non-controlling interest		1,181		—
Diluted net income attributable to common stockholders	$	33,238	$	49,340
DENOMINATOR
Basic:
Weighted average common shares outstanding		119,336		118,836
Diluted:
Weighted average common shares outstanding		119,336		118,836
Effect of dilutive securities:
Stock options		—		36
Restricted stock-based awards	47			46
Non-controlling interest – Operating Partnership Units		1,342		—
Weighted average shares and assumed conversions		120,725		118,918
BASIC EARNINGS PER SHARE	$	0.27	$	0.42
DILUTED EARNINGS PER SHARE	$	0.27	$	0.41

Approximately 0.6 million and 0.5 million stock options were excluded from the computation of diluted earnings per share for the three months ended March 31, 2020 and 2019, respectively, because they were anti-dilutive.