Earnings Per Share

12 Months Ended

Dec. 31, 2016

Basic earnings per share is computed by dividing net income to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share is computed using the weighted average number of common shares plus the potentially dilutive effect of common stock equivalents issued and outstanding at the reporting date, using the treasury stock method. Stock options, restricted stock and restricted stock units that are anti-dilutive are excluded from the computation of weighted average shares outstanding.

The following table sets forth the computation of basic and diluted earnings per share:



	Year ended December 31,
	2016		2015		2014
Numerators:
Net income	$	61,733	$	51,565	$	32,445
Denominators:
Basic weighted average common shares outstanding	33,566,367		33,298,104		32,804,606
Dilutive effect of share based awards	996,952		880,236		831,987
Diluted weighted average common shares outstanding	34,563,319		34,178,340		33,636,593
Earnings per share:
Basic	$	1.84	$	1.55	$	0.99
Diluted	$	1.79	$	1.51	$	0.96
Weighted average common shares considered anti-dilutive in computing diluted earnings per share	92,538		73,896		114,395