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

The following table sets forth the computation of basic and diluted net income per share:
 
 
Three months ended
 
 
March 31,
2019
 
March 31,
2018
Numerator:
 
 
 
 
Net income and comprehensive income
 
$
18,407

 
$
17,741

Income allocated to participating securities
 
(208
)
 
(145
)
Numerator for basic and diluted income per share - net income
 
$
18,199

 
$
17,596

Denominator (in thousands):
 
 

 
 

Denominator for basic income per share - weighted-average shares
 
28,530

 
29,375

Effect of dilutive stock options
 
76

 
70

Effect of dilutive performance shares
 
42

 
35

Denominator for diluted income per share - adjusted weighted-average shares
 
28,648

 
29,480

Basic net income per share
 
$
0.64

 
$
0.60

Diluted net income per share
 
$
0.64

 
$
0.60



The number of instruments that could potentially dilute net income per basic share in the future, but that were not included in the computation of net income per diluted share because to do so would have been anti-dilutive for the periods presented, are as follows:
 
March 31, 2019
 
March 31, 2018
Anti-dilutive stock options (in thousands)
195

 
67

Anti-dilutive performance shares (in thousands)
8

 
11

Anti-dilutive non-vested shares and deferred stock units (in thousands)

 
9

Total anti-dilutive shares (in thousands)
203

 
87