Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table details the reconciliation of basic earnings per share to diluted earnings per share:

	Three Months Ended March 31,
	2020		2019
Numerator for basic and diluted earnings per share:
Net income	$	47,550	$	27,348
Denominator:
Weighted-average basic common shares outstanding	39,500		38,308
Assumed conversion of dilutive securities:
Stock awards	1,644		1,277
Denominator for diluted earnings per share    - Adjusted weighted-average shares	41,144		39,585
Earnings per common share:
Basic	$	1.20	$	0.71
Diluted	$	1.16	$	0.69

For the three months ended March 31, 2020, and March 31, 2019, stock awards representing the right to purchase common stock of approximately 79,000 shares and 1,253,000 shares, respectively, were not included in the computation of diluted earnings per share because their inclusion would have had an antidilutive effect.