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 September 30,						Nine Months Ended September 30,
(In thousands, except per share amounts)	2018			2017			2018			2017
Basic EPS:
Numerator:
Net income	$	23,847		$	10,516		$	19,802		$	19,295
Net income attributable to noncontrolling interests	(482		)	(12		)	(51		)	(12		)
Net income attributable to common stockholders	$	23,365		$	10,504		$	19,751		$	19,283

Denominator:
Weighted average basic common shares outstanding	43,066			42,845			43,023			40,860

Diluted EPS:
Numerator:
Net income attributable to common stockholders	$	23,365		$	10,504		$	19,751		$	19,283

Denominator:
Weighted average basic common shares outstanding	43,066			42,845			43,023			40,860
Restricted stock and stock options	204			420			211			455
Warrants	47			2			47			1,783
Weighted average diluted common shares outstanding	43,317			43,267			43,281			43,098

Basic income per share:	$	0.54		$	0.25		$	0.46		$	0.47

Diluted income per share:	$	0.54		$	0.24		$	0.46		$	0.45

The diluted EPS computation for the three and nine months ended September 30, 2018 excludes 375,500 and 398,500 stock options, respectively, because their inclusion would have been anti-dilutive. The diluted EPS computation for the three and nine months ended September 30, 2018 excludes 227,621 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 nine months ended September 30, 2017 excludes 311,500 and 317,000 stock options, respectively, because their inclusion would have been anti-dilutive. The diluted EPS computation for the three and nine months ended September 30, 2017 excludes 185,573 shares of restricted stock because performance conditions provided for in the restricted stock awards have not been satisfied.