Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.8.0.1
Net Income Per Share
 9 Months Ended
Sep. 30, 2017
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
 
Nine months ended
 
 
September 30,
2017
 
September 30,
2016
 
September 30,
2017
 
September 30,
2016
Numerator:
 
 
 
 
 
 
 
 
Net income and comprehensive income
 
$
18,155

 
$
11,931


$
51,948


$
14,964

Income allocated to participating securities
 
(145
)
 
(93
)

(419
)

(114
)
Numerator for basic and diluted income per share - net income
 
$
18,010

 
$
11,838

 
$
51,529

 
$
14,850

Denominator (in thousands):
 
 

 
 

 
 
 
 
Denominator for basic income per share - weighted-average shares
 
29,855

 
30,191

 
29,977

 
30,316

Effect of dilutive stock options (in thousands)
 
52

 
117

 
62

 
151

Effect of dilutive performance shares (in thousands)
 
33

 
30

 
30

 
29

Denominator for diluted income per share - adjusted weighted-average shares
 
29,940

 
30,338

 
30,069

 
30,496

Basic net income per share
 
$
0.60

 
$
0.39

 
$
1.72

 
$
0.49

Diluted net income per share
 
$
0.60

 
$
0.39

 
$
1.71

 
$
0.49



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:
 
September 30,
2017
 
September 30,
2016
Anti-dilutive stock options (in thousands)
172

 
309

Anti-dilutive performance shares (in thousands)
—

 
—

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

 
—

Total anti-dilutive shares (in thousands)
172

 
309