EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted‑average number of common shares outstanding. Diluted EPS is computed after adjusting the numerator and denominator of the basic EPS computation for the effects of all potentially dilutive common shares. The dilutive effect of options and nonvested stock issued under stock‑based compensation plans is computed using the treasury stock method. The dilutive effect of the warrants is computed using the if‑converted method prior to their exercise.

Information related to the Company's EPS calculations is summarized as follows:



	Three Months Ended March 31,
(In thousands, except per share amounts)	2018			2017
Basic EPS:
Numerator:
Net income	$	1,834		$	5,659
Net income attributable to noncontrolling interests	(360		)	—
Net income attributable to common stockholders	$	1,474		$	5,659

Denominator:
Weighted average basic common shares outstanding	42,976			39,799

Diluted EPS:
Numerator:
Net income attributable to common stockholders	$	1,474		$	5,659

Denominator:
Weighted average basic common shares outstanding	42,976			39,799
Restricted stock and stock options	218			317
Warrants	169			2,641
Weighted average diluted common shares outstanding	43,363			42,757

Basic income per share:	$	0.03		$	0.14

Diluted income per share:	$	0.03		$	0.13

The diluted EPS computation for the three months ended March 31, 2018 excludes 409,100 stock options, because their inclusion would have been anti-dilutive. The diluted EPS computation for the three months ended March 31, 2018 excludes 224,420 shares of restricted stock because market conditions included in the restricted stock awards have not been met.

The diluted EPS computation for the three months ended March 31, 2017 excludes 328,500 stock options, because their inclusion would have been anti-dilutive. The diluted EPS computation for the three months ended March 31, 2017 excludes 170,847 shares of restricted stock because performance conditions included in the restricted stock awards have not been met.