Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.2.0.727
Net Income Per Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Net Income Per Share
The following table sets forth the computation of basic and diluted net income per share:
 
 
Three months ended
 
Six months ended
 
 
June 30,
2015
 
June 30,
2014
 
June 30, 2015
 
June 30, 2014
Numerator:
 
 
 
 
 
 
 
 
Net income and comprehensive income
 
$
11,824

 
$
17,178


$
16,660


$
27,379

Income allocated to participating securities
 
(79
)
 
—


(111
)

—

Numerator for basic and diluted income per share - net income
 
$
11,745

 
$
17,178

 
$
16,549

 
$
27,379

Denominator (in thousands):
 
 

 
 

 
 
 
 
Denominator for basic income per share - weighted-average shares
 
30,783

 
30,925

 
30,726

 
30,834

Effect of dilutive stock options (in thousands)
 
291

 
442

 
327

 
481

Effect of dilutive performance shares (in thousands)
 
30

 
41

 
35

 
49

Denominator for diluted income per share - adjusted weighted-average shares
 
31,104

 
31,408

 
31,088

 
31,364

Basic net income per share
 
$
0.38

 
$
0.56

 
$
0.54

 
$
0.89

Diluted net income per share
 
$
0.38

 
$
0.55

 
$
0.53

 
$
0.87



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:
 
June 30,
2015
 
June 30,
2014
Anti-dilutive stock options (in thousands)
97

 
182

Anti-dilutive performance shares (in thousands)
21

 
19

Total anti-dilutive shares (in thousands)
118

 
201