Earnings per Share

3 Months Ended

Mar. 31, 2016

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



	For the Three Months Ended March 31,
	2016		2015
	(in thousands, except per share amounts, unaudited)
Numerator for basic and diluted EPS — net income allocated to common stockholders	$	4,357	$	7,603
Denominator for basic EPS — weighted average number of shares	31,646		30,096
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	71		76
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	31,717		30,172
Earnings per share:
Basic	$	0.14	$	0.25
Diluted	$	0.14	$	0.25

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 the 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”.