Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.7.0.1
Net Income Per Share (Tables)
 6 Months Ended
Jun. 30, 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
 
Six months ended
 
 
June 30,
2017
 
June 30,
2016
 
June 30,
2017
 
June 30,
2016
Numerator:
 
 
 
 
 
 
 
 
Net income and comprehensive income
 
$
19,550

 
$
(10,066
)

$
33,793


$
3,033

Income allocated to participating securities
 
(159
)
 
(28
)

(278
)

(55
)
Numerator for basic and diluted income per share - net income
 
$
19,391

 
$
(10,094
)
 
$
33,515

 
$
2,978

Denominator (in thousands):
 
 

 
 

 
 
 
 
Denominator for basic income per share - weighted-average shares
 
30,026

 
30,252

 
30,029

 
30,356

Effect of dilutive stock options (in thousands)
 
61

 
—

 
68

 
169

Effect of dilutive performance shares (in thousands)
 
27

 
—

 
30

 
32

Denominator for diluted income per share - adjusted weighted-average shares
 
30,114

 
30,252

 
30,127

 
30,557

Basic net income per share
 
$
0.65

 
$
(0.33
)
 
$
1.12

 
$
0.10

Diluted net income per share
 
$
0.64

 
$
(0.33
)
 
$
1.11

 
$
0.10



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,
2017
 
June 30,
2016
Anti-dilutive stock options (in thousands)
284

 
301

Anti-dilutive performance shares (in thousands)
19

 
23

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

 
—

Total anti-dilutive shares (in thousands)
303

 
324