Earnings per Share

9 Months Ended

Sep. 30, 2015

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



	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2015		2014		2015		2014
	(in thousands, except per share amounts, unaudited)
Numerator for basic and diluted EPS — net income allocated to common stockholders	$	684	$	19,873	$	17,706	$	28,165
Denominator for basic EPS — weighted average number of shares	31,197		30,046		30,972		30,326
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	19		2		52		13
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	31,216		30,048		31,024		30,339
Earnings per share:
Basic	$	0.02	$	0.66	$	0.57	$	0.93
Diluted	$	0.02	$	0.66	$	0.57	$	0.93

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”.