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
Net Income per Share [Abstract]  
Calculation of Basic and Diluted Net Income Per Share
The following table reconciles share amounts utilized to calculate basic and diluted net income per share (in thousands, except per share data):
 
   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2017
   
2016
   
2017
   
2016
 
Net income
 
$
31,040
   
$
14,291
   
$
64,178
   
$
27,529
 
                                 
Basic - weighted average common shares
   
16,930
     
17,384
     
16,916
     
17,370
 
Diluted effect of common stock equivalents
   
1,195
     
808
     
1,231
     
1,058
 
Diluted - weighted average common shares
   
18,125
     
18,192
     
18,147
     
18,428
 
                                 
Earnings per share:
                               
Basic
 
$
1.83
   
$
0.82
   
$
3.79
   
$
1.58
 
Diluted
 
$
1.71
   
$
0.79
   
$
3.54
   
$
1.49
 

Anti-dilutive Securities Excluded from Computation of Earnings Per Share
The calculation of dilutive shares excludes the effect of the following options that are considered anti-dilutive (in thousands):
 
   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2017
   
2016
   
2017
   
2016
 
Anti-dilutive stock option shares
   
42
     
287
     
42
     
147