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Income Per Share - (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the nine months ended

 

 

    

September 30, 2017

    

September 30, 2016

    

September 30, 2017

    

September 30, 2016

 

Net income

 

$

7,231

 

$

8,314

 

$

24,698

 

$

13,069

 

Less: income allocated to participating securities

 

 

(14)

 

 

(12)

 

 

(43)

 

 

(37)

 

Income allocated to common shareholders

 

$

7,217

 

$

8,302

 

$

24,655

 

$

13,032

 

Weighted average shares outstanding for basic income per common share

 

 

26,947,821

 

 

27,654,827

 

 

26,902,128

 

 

28,991,094

 

Dilutive effect of equity awards

 

 

680,913

 

 

173,747

 

 

723,304

 

 

92,885

 

Dilutive effect of warrants

 

 

 —

 

 

70,182

 

 

11,243

 

 

27,343

 

Weighted average shares outstanding for diluted income per common share

 

 

27,628,734

 

 

27,898,756

 

 

27,636,675

 

 

29,111,322

 

Basic income per share

 

$

0.27

 

$

0.30

 

$

0.92

 

$

0.45

 

Diluted income per share

 

$

0.26

 

$

0.30

 

$

0.89

 

$

0.45