Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.7.0.1
Net Income Per Share (Tables)
 3 Months Ended
Mar. 31, 2017
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,
2017
 
March 31,
2016
Numerator:
 
 
 
 
Net income and comprehensive income
 
$
14,243

 
$
13,099

Income allocated to participating securities
 
(119
)
 
(64
)
Numerator for basic and diluted income per share - net income
 
$
14,124

 
$
13,035

Denominator (in thousands):
 
 

 
 

Denominator for basic income per share - weighted-average shares
 
29,998

 
30,420

Effect of dilutive stock options (in thousands)
 
75

 
165

Effect of dilutive performance shares (in thousands)
 
33

 
40

Denominator for diluted income per share - adjusted weighted-average shares
 
30,106

 
30,625

Basic net income per share
 
$
0.47

 
$
0.43

Diluted net income per share
 
$
0.47

 
$
0.43



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,
2017
 
March 31,
2016
Anti-dilutive stock options (in thousands)
282

 
275

Anti-dilutive performance shares (in thousands)
15

 
44

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

 
73

Total anti-dilutive shares (in thousands)
297

 
392