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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The table below sets forth the reconciliation between net income and the weighted average shares outstanding used for calculating basic and diluted EPS:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Earnings (numerator)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common stockholders

$

38,060

 

 

$

30,908

 

 

$

106,060

 

 

$

74,502

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares (denominator)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

50,998

 

 

 

50,115

 

 

 

50,687

 

 

 

49,713

 

Dilutive effect of stock options and stock awards outstanding

 

871

 

 

 

962

 

 

 

1,012

 

 

 

1,170

 

Adjusted weighted average common shares outstanding (diluted)

 

51,869

 

 

 

51,077

 

 

 

51,699

 

 

 

50,883

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to common stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.75

 

 

$

0.62

 

 

$

2.09

 

 

$

1.50

 

Diluted

$

0.73

 

 

$

0.61

 

 

$

2.05

 

 

$

1.46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and stock awards excluded from EPS

  calculation because the effect would be anti-dilutive

 

3

 

 

 

-

 

 

 

107

 

 

 

94