XML 116 R41.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Summary of EPS calculations
Information related to the Company’s EPS calculations is summarized as follows:
 
 
December 31,
(In thousands, except per share amounts)
 
2019
 
2018
 
2017
Basic EPS:
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
Net income
 
$
74,295

 
$
57,726

 
$
166,623

Net income attributable to noncontrolling interests
 
(339
)
 
(714
)
 
1,781

Net income attributable to common stockholders
 
$
73,956

 
$
57,012

 
$
168,404

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted-average basic common shares outstanding
 
43,136

 
43,036

 
41,364

 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
Net income attributable to common stockholders
 
$
73,956

 
$
57,012

 
$
168,404

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted-average basic common shares outstanding
 
43,136

 
43,036

 
41,364

Restricted stock and stock options
 
168

 
201

 
279

Warrants
 
4

 

 
1,446

Weighted-average diluted common shares outstanding (a)
 
43,308

 
43,237

 
43,089

 
 
 
 
 
 
 
Basic income per share:
 
$
1.71

 
$
1.32

 
$
4.07

Diluted income per share:
 
$
1.71

 
$
1.32

 
$
3.91


 
(a)
The diluted EPS computation excludes 379,608, 425,908 and 313,500 shares of stock options as of December 31, 2019, 2018 and 2017, respectively, because their inclusion would have been anti-dilutive. The diluted EPS computation also excludes 235,894, 205,979 and 161,155 shares of restricted stock because performance conditions provided for in the restricted stock awards have not been satisfied as of December 31, 2019, 2018 and 2017, respectively.