Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.19.1
Net Income Per Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share
          Basic net income per common share is computed by dividing the net income relevant to the common stockholders by the weighted average number of shares outstanding during the period. Diluted net income per common share uses the same net income divided by the sum of the weighted average number of shares of common stock outstanding during the period, plus dilutive effects of options, performance and restricted stock units outstanding during the period calculated using the treasury method and the potential dilutive effects of preferred stocks (if any) calculated using the if-converted method.
          The table below shows the calculations for the three months ended March 31, 2019 and 2018.
 
 
Three Months Ended March 31,
(In thousands, except for per share data)
 
2019
 
2018
Numerator (both basic and diluted)
 
 
 
 
Net income relevant to common stockholders
 
$
69,805

 
$
36,708

Denominator
 
 
 
 
Denominator for basic income per share
 
100,232

 
83,081

Dilutive effect of stock options
 
3,160

 
3,191

Dilutive effect of performance stock units
 
555

 
96

Dilutive effect of non-vested restricted stock
 
176

 
480

Denominator for diluted income per share
 
104,123

 
86,848

Basic income per common share
 
$
0.70

 
$
0.44

Diluted income per common share
 
$
0.67

 
$
0.42



          There were no anti-dilutive stock options, performance stock units and non-vested restricted stocks during the three months ended March 31, 2019 and 2018.