Earnings per Share

6 Months Ended

Jun. 30, 2016

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,
	2016		2015		2016		2015
	(in thousands, except per share amounts, unaudited)
Numerator for basic and diluted EPS — net income allocated to common stockholders	$	19,628	$	9,419	$	23,985	$	17,022
Denominator for basic EPS — weighted average number of shares	31,713		30,935		31,899		30,708
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	—		91		—		79
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	31,713		31,026		31,899		30,787
Earnings per share:
Basic	$	0.62	$	0.30	$	0.75	$	0.55
Diluted	$	0.62	$	0.30	$	0.75	$	0.55

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. In the event that the revenue target is achieved, such shares will be included in the Company’s share count in the period that the target is achieved. If the revenue target is not achieved on either the second or fourth anniversary, such shares of common stock will not be issued. See “Note 3 — Acquisition”.