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 June 30,					Six Months Ended June 30,
(In thousands, except per share amounts)	2018			2017		2018			2017
Basic EPS:
Numerator:
Net (loss) income	$	(5,879	)	$	3,120	$	(4,045	)	$	8,779
Net loss attributable to noncontrolling interests	791			—		431			—
Net (loss) income attributable to common stockholders	$	(5,088	)	$	3,120	$	(3,614	)	$	8,779

Denominator:
Weighted average basic common shares outstanding	42,573			40,373		43,014			40,088

Diluted EPS:
Numerator:
Net (loss) income attributable to common stockholders	$	(5,088	)	$	3,120	$	(3,614	)	$	8,779

Denominator:
Weighted average basic common shares outstanding	42,573			40,373		43,014			40,088
Restricted stock and stock options	212			291		215			305
Warrants	157			2,387		157			2,689
Weighted average diluted common shares outstanding	42,942			43,051		43,386			43,082

Basic income per share:	$	(0.12	)	$	0.08	$	(0.08	)	$	0.22

Diluted income per share:	$	(0.12	)	$	0.07	$	(0.08	)	$	0.20

The diluted EPS computation for the three and six months ended June 30, 2018 excludes 374,500 and 413,000 stock options, respectively, because their inclusion would have been anti-dilutive. The diluted EPS computation for the three and six months ended June 30, 2018 excludes 233,721 shares of restricted stock because certain stock price conditions provided for in the restricted stock awards have not been satisfied.

The diluted EPS computation for the three and six months ended June 30, 2017 excludes 308,500 and 315,000 stock options, respectively, because their inclusion would have been anti-dilutive. The diluted EPS computation for the three and six months ended June 30, 2017 excludes 167,005 shares of restricted stock because performance conditions provided for in the restricted stock awards have not been satisfied.