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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2017
EARNINGS PER SHARE  
Summary of EPS calculations

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

(In thousands, except per share amounts)

  

2017

    

2016

    

2015

Basic EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

166,623

 

$

202,326

 

$

126,719

Net income attributable to noncontrolling interests

 

 

1,781

 

 

(23)

 

 

 —

Net income attributable to common stockholders

 

$

168,404

 

$

202,303

 

$

126,719

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

 

41,364

 

 

39,492

 

 

39,470

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to common stockholders

 

$

168,404

 

$

202,303

 

$

126,719

Less: Warrant liability gain

 

 

 —

 

 

 —

 

 

(58,320)

Adjusted net income attributable to common stockholders

 

$

168,404

 

$

202,303

 

$

68,399

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

 

41,364

 

 

39,492

 

 

39,470

Restricted stock and stock options

 

 

279

 

 

343

 

 

411

Warrants

 

 

1,446

 

 

2,894

 

 

2,873

Weighted average diluted common shares outstanding

 

 

43,089

 

 

42,729

 

 

42,754

 

 

 

 

 

 

 

 

 

 

Basic income per share:

 

$

4.07

 

$

5.12

 

$

3.21

 

 

 

 

 

 

 

 

 

 

Diluted income per share:

 

$

3.91

 

$

4.73

 

$

1.60