Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.20.1
Net Income Per Share
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2019 and 2018 (in thousands, except for per share data).
 
 
 
 
 
 
 
Three Months Ended June 30,
 
 
2019
 
2018
Numerator (both basic and diluted)
 
 
 
 
Net income relevant to common stockholders
 
$
36,133

 
$
39,091

 
 
 
 
 
Denominator
 
 
 
 
Denominator for basic income per share
 
100,425

 
83,447

Dilutive effect of stock options
 
3,294

 
3,124

Dilutive effect of performance share units
 
449

 
172

Dilutive effect of restricted stock units
 
211

 
135

Denominator for diluted income per share
 
104,379

 
86,878

 
 
 
 
 
Basic income per common share
 
$
0.36

 
$
0.47

Diluted income per common share
 
$
0.35

 
$
0.45



 
 
 
 
 
 
 
Six Months Ended June 30,
 
 
2019
 
2018
Numerator (both basic and diluted)
 
 
 
 
Net income relevant to common stockholders
 
$
105,938

 
$
75,799

 
 
 
 
 
Denominator
 
 
 
 
Denominator for basic income per share
 
100,329

 
83,265

Dilutive effect of stock options
 
3,252

 
3,379

Dilutive effect of performance share units
 
418

 
169

Dilutive effect of restricted stock units
 
182

 
311

Denominator for diluted income per share
 
104,181

 
87,124

 
 
 
 
 
Basic income per common share
 
$
1.06

 
$
0.91

Diluted income per common share
 
$
1.02

 
$
0.87



           There were no anti-dilutive stock options, performance share units and restricted stock units during the three and six months ended June 30, 2019 and 2018.