Earnings per Share

12 Months Ended

Dec. 31, 2015

Note 12 — Earnings per Share

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



	For the Years Ended December 31,
	2015		2014		2013
	(in thousands, except per share amounts)
Numerator for basic and diluted EPS — net income allocated to common stockholders	$	25,598	$	43,388	$	46,682
Denominator for basic EPS — weighted average number of shares	31,197		30,354		30,134
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	3		4		27
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	31,200		30,358		30,161
Earnings per share:
Basic	$	0.82	$	1.43	$	1.55
Diluted	$	0.82	$	1.43	$	1.55

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” and "Note 11 — Equity".

For the years ended December 31, 2015, 2014, and 2013, the weighted number of shares and dilutive potential shares include the conversion to common stock of the first tranche of 659,926 shares of Performance Stock issued in connection with acquisition of Caliburn. The weighted number of shares and dilutive potential shares for the years ended December 31, 2015, 2014 and 2013 do not include the Performance Stock issued in connection with acquisition of Caliburn related to the second tranche, which was not achieved. See "Note 11 — Equity".