Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings per Share

The computations of basic and diluted EPS are set forth below:



	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2015		2014		2015		2014
	(in thousands, except per share amounts, unaudited)
Numerator for basic and diluted EPS — net income allocated to common stockholders	$	9,419	$	8,054	$	17,022	$	8,292
Denominator for basic EPS — weighted average number of shares	30,935		29,954		30,708		30,219
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	91		7		79		36
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	31,026		29,961		30,787		30,255
Earnings per share:
Basic	$	0.30	$	0.27	$	0.55	$	0.27
Diluted	$	0.30	$	0.27	$	0.55	$	0.27

The weighted number of shares and dilutive potential shares do not include 334,048 shares of common stock, which will be issued to the selling unitholders of Cogent, on the second or fourth anniversary of the Acquisition, as the case may be, if the revenue target related to the Earnout is achieved. At the time a revenue target is achieved such shares will be included in the Company’s share count. If the revenue target is not achieved, the shares of common stock will not be issued. See “Note 3 — Acquisition”.