Earnings per share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings per share

Earnings per share

Our earnings per share (basic and diluted) are presented below (in thousands, except per share amounts):

	Quarter ended June 30,					Six months ended June 30,
	2020			2019		2020			2019
Net Income	$	19,573		$	79,955	$	105,771		$	153,934
Accretion of redeemable noncontrolling interest (see Note 11)	(280		)	—		(373		)	—
Earnings available to common shareholders	$	19,293		$	79,955	$	105,398		$	153,934
Weighted average number of common shares outstanding - basic	219,128			217,089		218,703			216,900
Effect of dilutive securities:
Restricted stock units	25			476		153			327
Performance shares	273			315		286			286
Stock options	—			25		2			42
Weighted average number of common shares outstanding - diluted	219,426			217,905		219,144			217,555
Net income per share - basic	$	0.09		$	0.37	$	0.48		$	0.71
Net income per share - diluted	$	0.09		$	0.37	$	0.48		$	0.71

Our calculation of diluted earnings per share includes the dilutive effects for the assumed vesting of outstanding restricted stock units and performance shares.