Basic and diluted earnings per share for the three months ended March 31, 2020 and 2019, respectively consisted of the following (in thousands, except per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator (Basic and Diluted): |
|
|
|
|
|
|
|
|
|
|
$ |
|
|
|
$ |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares issued and outstanding |
|
|
|
|
|
|
|
|
Deduct: Unvested RSAs
(1)
|
|
|
|
) |
|
|
|
) |
Add: Fully vested DSUs
(2)
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Weighted Average Common Shares Outstanding |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Basic earnings per common share |
|
$ |
|
|
|
$ |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Common Shares Outstanding from above |
|
|
|
|
|
|
|
|
Add: Dilutive effect of RSUs, RSAs & ESPP |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Weighted Average Common Shares Outstanding |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Diluted earnings per common share |
|
$ |
|
|
|
$ |
|
|
| |
|
|
|
|
|
|
|
|
Antidilutive shares excluded from diluted earnings per common share
(3)
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
(1) |
RSAs were issued and outstanding to the non-employee directors and have a one-year or three-year vesting term subject to service requirements. See Note 12 – “Stock-Based Compensation Plans” for additional information. |
(2) |
Shares are included in weighted average common shares outstanding as the shares are fully vested but have not yet been delivered. See Note 12 – “Stock-Based Compensation Plans” for additional information. |
(3) |
Primarily pertaining to RSU grants to the Company’s employees and independent contractors. |
|