Earnings Per Share

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
	2017		2016		2017		2016
Numerators:
Net income	$	20,378	$	16,375	$	37,166	$	30,195
Denominators:
Basic weighted average common shares outstanding	33,819,320		33,621,444		33,833,153		33,500,736
Dilutive effect of share based awards	1,173,906		888,956		1,218,614		930,292
Diluted weighted average common shares outstanding	34,993,226		34,510,400		35,051,767		34,431,028
Earnings per share:
Basic	$	0.60	$	0.49	$	1.10	$	0.90
Diluted	$	0.58	$	0.47	$	1.06	$	0.88
Weighted average common shares considered anti-dilutive in computing diluted earnings per share	2,893		59,455		227,941		130,103