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Net Income per Share
 3 Months Ended
Mar. 31, 2016
Net Income per Share  
Net Income per Share

7.Net Income per Share

 

The Company’s basic and diluted net income per share is calculated as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2016

 

2015

 

Net income

 

$
16,174 

 

$
26,100 

 

Weighted-average number of common shares for basic net income per share

 
96,399,351 

 
96,123,351 

 

Incremental effect of dilutive common stock equivalents:

 

 

 

 

 

Unexercised stock options

 
806,311 

 
1,202,004 

 

Unvested restricted stock awards

 
303,866 

 
337,253 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares for diluted net income per share

 
97,509,528 

 
97,662,608 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share - basic

 

$
0.17 

 

$
0.27 

 

Net income per share - diluted

 

$
0.17 

 

$
0.27 

 

 

Approximately 1,463,000 and 374,000 of unexercised stock options were outstanding at March 31, 2016 and 2015, respectively, but were not included in the computation of diluted earnings per share because the options were anti-dilutive.