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Earnings per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
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,
 
2017
 
2016
 
2017
 
2016
 
(in thousands, except per share  amounts, unaudited)
Numerator for basic and diluted EPS — net income allocated to common stockholders
$
6,245

 
$
19,628

 
$
5,499

 
$
23,985

Denominator for basic EPS — weighted average number of shares
31,934

 
31,713

 
32,151

 
31,899

Add — dilutive effect of:
 
 
 
 
 
 
 
Weighted average number of incremental shares issuable from restricted stock units
44

 

 
100

 

Denominator for diluted EPS — weighted average number of shares and dilutive potential shares
31,977

 
31,713

 
32,252

 
31,899

Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.20

 
$
0.62

 
$
0.17

 
$
0.75

Diluted
$
0.20

 
$
0.62

 
$
0.17

 
$
0.75


The weighted number of shares and dilutive potential shares do not include 334,048 shares of common stock, which will be issued to certain selling unitholders of Cogent, following the fourth anniversary of the acquisition 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 at March 31, 2019. If the revenue target is not achieved such shares of common stock will not be issued. See "Note 5 - Fair Value of Financial Instruments".