| Reconciliation of the Numerator and Denominator Used in the Computation of Basic and Diluted Income Per Share |
The table below is a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per share computed using the two-class method (dollars in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2017 | | 2016 | | 2017 | | 2016 | Basic and diluted income: | | | | | | | | Net income | 5,322 |
| | 27,399 |
|
| 41,357 |
| | 96,458 |
| Less: income attributable to unvested restricted stock | (265 | ) | | (192 | ) | | (682 | ) | | (430 | ) | Net income attributable to common stockholders used in basic and diluted income per share | $ | 5,057 |
| | $ | 27,207 |
| | $ | 40,675 |
| | $ | 96,028 |
| | | | | | | | | Basic weighted average shares of common stock outstanding: | | | | | | | | Weighted average shares of common stock outstanding | 458,035,972 |
| | 480,326,857 |
| | 473,919,177 |
| | 457,992,378 |
| Less: unvested weighted average shares of restricted stock | (1,364,355 | ) | | (772,495 | ) | | (1,220,485 | ) | | (728,852 | ) | Weighted average shares of common stock outstanding used in basic income per share | 456,671,617 |
| | 479,554,362 |
| | 472,698,692 |
| | 457,263,526 |
| Net income per share attributable to common stockholders—basic | $ | 0.01 |
| | $ | 0.06 |
| | $ | 0.09 |
| | $ | 0.21 |
| | | | | | | | | Diluted weighted average shares of common stock outstanding: (1) | | | | | | | | Unvested performance shares | — |
| | 67,506 |
| | — |
| | 33,938 |
| Stock options | — |
| | 4,688 |
| | — |
| | 4,159 |
| Convertible debt | — |
| | 972,054 |
| | — |
| | — |
| Weighted average shares of common stock outstanding used in diluted income per share | 456,671,617 |
| | 480,598,610 |
| | 472,698,692 |
| | 457,301,623 |
| Net income per share attributable to common stockholders—diluted | $ | 0.01 |
| | $ | 0.06 |
| | $ | 0.09 |
| | $ | 0.21 |
| | | | | | | | | Potentially dilutive shares of common stock | | | | | | | | Unvested shares of restricted stock | — |
| | 181,667 |
| | 32,150 |
| | 121,230 |
| Total | — |
| | 181,667 |
| | 32,150 |
| | 121,230 |
|
(1) Assumes the most dilutive issuance of potentially issuable shares between the two-class and treasury stock method unless the result would be anti-dilutive. |