Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

The computations of the numerator (income) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying condensed consolidated statements of operations for the three- and six-month periods ended June 30, 2018 are as follows (in thousands):



	Three Months Ended June 30, 2018				Six Months Ended June 30, 2018
	Income			Shares	Income			Shares
Basic:
Net income	$	17,784			$	15,224
Less: Undistributed earnings allocated to participating securities	(171		)		(147		)
Undistributed earnings allocated to common shares	$	17,613		146,683	$	15,077		146,668

Diluted:
Undistributed earnings allocated to common shares	$	17,613		146,683	$	15,077		146,668
Effect of dilutive securities:
Share-based awards other than participating securities	—			41	—			—
Undistributed earnings reallocated to participating securities	—			—	—			—
Net income	$	17,613		146,724	$	15,077		146,668

Schedule of shares excluded from diluted per share calculation

Shares that otherwise would have been included in the diluted per share calculations assuming we had earnings are as follows (in thousands):



	Three Months Ended	Six Months Ended
	June 30, 2017	June 30, 2017

Diluted shares (as reported)	145,940	144,599
Share-based awards	228	244
Total	146,168	144,843

In addition, the following potentially dilutive shares related to the 2022 Notes, the 2023 Notes and the 2032 Notes were excluded from the diluted EPS calculation because we have the right and the intention to settle any such future conversions in cash (Note 6) (in thousands):



	Three Months Ended June 30,		Six Months Ended June 30,
	2018	2017	2018	2017

2022 Notes	8,997	8,997	8,997	8,997
2023 Notes	13,202	—	7,440	—
2032 Notes ⁽¹⁾	12	2,403	1,057	2,403


(1)	The 2032 Notes were fully redeemed in May 2018.