Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.4.0.3
Net Income Per Share (Tables)
 3 Months Ended
Mar. 31, 2016
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
 
 
 
March 31,
2016
 
March 31,
2015
 
Numerator:
 
 
 
 
 
Net income and comprehensive income
 
$
13,099

 
$
4,837


Income allocated to participating securities
 
(64
)
 
(33
)

Numerator for basic and diluted income per share - net income
 
$
13,035

 
$
4,804

 
Denominator (in thousands):
 
 

 
 

 
Denominator for basic income per share - weighted-average shares
 
30,420

 
30,575

 
Effect of dilutive stock options (in thousands)
 
165

 
365

 
Effect of dilutive performance shares (in thousands)
 
40

 
41

 
Denominator for diluted income per share - adjusted weighted-average shares
 
30,625

 
30,981

 
Basic net income per share
 
$
0.43

 
$
0.16

 
Diluted net income per share
 
$
0.43

 
$
0.16

 


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,
2016
 
March 31,
2015
Anti-dilutive stock options (in thousands)
275

 
151

Anti-dilutive performance shares (in thousands)
44

 
15

Anti-dilutive non-vested shares and deferred stock units (in thousands)
73

 
—

Total anti-dilutive shares (in thousands)
392

 
166