Earnings Per Share

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
	2017		2016		2017		2016
Numerators:
Net income	$	21,077	$	16,050	$	58,243	$	46,245
Denominators:
Basic weighted average common shares outstanding	33,838,374		33,624,401		33,834,392		33,542,258
Dilutive effect of share based awards	1,205,613		1,051,084		1,214,280		970,557
Diluted weighted average common shares outstanding	35,043,987		34,675,485		35,048,672		34,512,815
Earnings per share:
Basic	$	0.62	$	0.48	$	1.72	$	1.38
Diluted	$	0.60	$	0.46	$	1.66	$	1.34
Weighted average common shares considered anti-dilutive in computing diluted earnings per share	—		32,516		151,961		97,574