Earnings Per Share

3 Months Ended

Mar. 31, 2017

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:



	Three months ended March 31,
	2017		2016
Numerators:
Net income	$	16,788	$	13,820
Denominators:
Basic weighted average common shares outstanding	33,845,560		33,380,028
Dilutive effect of share based awards	1,263,322		971,629
Diluted weighted average common shares outstanding	35,108,882		34,351,657
Earnings per share:
Basic	$	0.50	$	0.41
Diluted	$	0.48	$	0.40
Weighted average common shares considered anti-dilutive in computing diluted earnings per share	452,988		200,752