Net Income Per Share (EPS)

3 Months Ended

Mar. 31, 2017

Net Income Per Share (EPS) [Abstract]

6.NET INCOME PER SHARE (EPS)

The components of basic and diluted shares were as follows (in thousands and based on the weighted average days outstanding for the periods):


	For the three months ended
	March 31,
	2017	2016

Basic shares	46,932	47,425
Employee stock options	247	100
Restricted stock units	1,677	1,372
Contingently issuable shares	113	134
Diluted shares (1)	48,969	49,031
Antidilutive shares (2)	3	177

(1)

In connection with the adoption of Topic 718 (see Note 2 – Recent Accounting Pronouncements), diluted shares included approximately 329,000 shares which otherwise would not have been included but for the adoption of this guidance.

(2)

Stock options with exercise prices greater than the average market price of our common stock during the respective time periods were excluded from the computation of diluted shares because the impact of including the shares subject to these stock options in the diluted share calculation would have been antidilutive.