Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.19.3
Net Income Per Share
9 Months Ended
Sep. 30, 2019
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,
2019
 
September 30,
2018
 
September 30,
2019
 
September 30,
2018
Numerator:
 
 
 
 
 
 
 
 
Net income and comprehensive income
 
$
22,195

 
$
22,329


$
62,932


$
64,366

Income allocated to participating securities
 
(236
)
 
(239
)

(696
)

(596
)
Numerator for basic and diluted income per share - net income
 
$
21,959

 
$
22,090

 
$
62,236

 
$
63,770

Denominator:
 
 

 
 

 
 
 
 
Denominator for basic income per share - weighted-average shares
 
27,981

 
28,964

 
28,286

 
29,189

Effect of dilutive stock options
 
74

 
95

 
76

 
81

Effect of dilutive performance shares
 
27

 
36

 
31

 
33

Denominator for diluted income per share - adjusted weighted-average shares
 
28,082

 
29,095

 
28,393

 
29,303

Basic net income per share
 
$
0.78

 
$
0.76

 
$
2.20

 
$
2.18

Diluted net income per share
 
$
0.78

 
$
0.76

 
$
2.19

 
$
2.18



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, 2019
 
September 30, 2018
Anti-dilutive stock options
188

 
100

Anti-dilutive performance shares

 
15

Anti-dilutive non-vested shares and deferred stock units

 
3

Total anti-dilutive shares
188

 
118