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Net Income per Share (Tables)
9 Months Ended
Sep. 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

 

 

 

September 30, 2017

 

 

September 30, 2016

 

 

September 30, 2017

 

 

September 30, 2016

 

Net income

 

$

13,277

 

 

$

5,313

 

 

$

38,987

 

 

$

23,472

 

Shares used in net income per common share - basic

 

 

29,008

 

 

 

25,726

 

 

 

28,912

 

 

 

25,684

 

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

 

 

 

 

 

295

 

 

 

 

 

 

123

 

Incremental shares of unvested restricted common stock

 

 

66

 

 

 

 

 

 

89

 

 

 

6

 

Shares used in net income per common share - diluted

 

 

29,074

 

 

 

26,021

 

 

 

29,001

 

 

 

25,813

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income

 

$

0.46

 

 

$

0.21

 

 

$

1.35

 

 

$

0.91

 

Diluted net income

 

$

0.46

 

 

$

0.20

 

 

$

1.34

 

 

$

0.91