Basic and Diluted Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Reconciliation of Earnings Per Share and Shares Used in Computation of Earnings Per Share

In the following table, we present a reconciliation of earnings per share and the shares used in the computation of earnings per share for the three months ended March 31, 2019 and 2018 (in thousands, except per share data):

	Three Months Ended March 31,
	2019		2018
	(in thousands, except per share data)
Net income	$	20,972	$	22,652
Earnings per share:
Basic	$	0.32	$	0.34
Effect of CESs		-		(0.01	)
Diluted	$	0.32	$	0.33
Weighted average number of shares:
Basic		64,909		67,553
Effect of CESs		295		183
Diluted		65,204		67,736