Earnings per Share

12 Months Ended

Dec. 31, 2016

Note 12 — Earnings per Share

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



	For the Years Ended December 31,
	2016		2015		2014
	(in thousands, except per share amounts)
Numerator for basic and diluted EPS — net income allocated to common stockholders	$	60,762	$	25,598	$	43,388
Denominator for basic EPS — weighted average number of shares	32,043		31,197		30,354
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	31		3		4
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	32,074		31,200		30,358
Earnings per share:
Basic	$	1.90	$	0.82	$	1.43
Diluted	$	1.89	$	0.82	$	1.43

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, in April 2017 or April 2019, 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".