Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2017

During periods in which the Company incurs net losses, both basic and diluted loss per share is calculated by dividing the net loss by the weighted-average shares outstanding and potentially dilutive securities are excluded from the calculation because their effect would be antidilutive.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share amounts)	2017		2016		2017		2016
Net income	$	13,595	$	7,350	$	17,733	$	17,673

Basic weighted-average common shares outstanding		37,235		30,378		37,063		30,373
Effect of dilutive stock options		324		165		347		81
Effect of dilutive restricted stock awards		1,341		—		1,316		—

Diluted weighted-average common shares outstanding		38,900		30,543		38,726		30,454

Basic income per common share outstanding	$	0.37	$	0.24	$	0.48	$	0.58

Diluted income per common share outstanding	$	0.35	$	0.24	$	0.46	$	0.58

Antidilutive securities excluded from diluted income per common share
Stock options and nonvested restricted stock		339		2,183		379		2,183