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Net Income per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation of Basic to Diluted Net Income per Share

The following is a reconciliation of basic to diluted net income per share:

 

 

 

Quarter Ended

 

 

Year to Date Ended

 

 

 

June 30, 2017

 

 

June 30, 2016

 

 

June 30, 2017

 

 

June 30, 2016

 

Net income

 

$

15,384

 

 

$

9,349

 

 

$

25,710

 

 

$

18,159

 

Shares used in net income per common share - basic

 

 

28,978

 

 

 

25,699

 

 

 

28,873

 

 

 

25,699

 

Dilutive effect of the equity premium on Convertible Notes at the average price of common stock

 

 

 

 

 

232

 

 

 

 

 

 

9

 

Incremental shares of unvested restricted common stock

 

 

136

 

 

 

37

 

 

 

169

 

 

 

85

 

Shares used in net income per common share - diluted

 

 

29,114

 

 

 

25,968

 

 

 

29,042

 

 

 

25,793

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income

 

$

0.53

 

 

$

0.36

 

 

$

0.89

 

 

$

0.71

 

Diluted net income

 

$

0.53

 

 

$

0.36

 

 

$

0.89

 

 

$

0.70