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Income Per Share - (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Income (Loss) Per Share

The following table illustrates the computation of basic and diluted income per share for the three and six months ended June 30, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the six months ended

 

    

June 30, 2017

    

June 30, 2016

    

June 30, 2017

    

June 30, 2016

Net income

 

$

9,209

 

$

4,504

 

$

17,467

 

$

4,755

Less: income allocated to participating securities

 

 

(14)

 

 

(12)

 

 

(30)

 

 

(25)

Income allocated to common shareholders

 

$

9,195

 

$

4,492

 

$

17,437

 

$

4,730

Weighted average shares outstanding for basic income per common share

 

 

26,955,187

 

 

29,215,822

 

 

26,878,904

 

 

29,666,570

Dilutive effect of equity awards

 

 

642,256

 

 

49,461

 

 

742,001

 

 

37,643

Dilutive effect of warrants

 

 

 —

 

 

13,476

 

 

16,627

 

 

3,166

Weighted average shares outstanding for diluted income per common share

 

 

27,597,443

 

 

29,278,759

 

 

27,637,532

 

 

29,707,379

Basic income per share

 

$

0.34

 

$

0.15

 

$

0.65

 

$

0.16

Diluted income per share

 

$

0.33

 

$

0.15

 

$

0.63

 

$

0.16