Net Income Per Share

12 Months Ended

Dec. 31, 2016

The computation of the Company's basic and diluted net income per share is as follows:



	Year Ended December 31,
	2016			2015			2014
	(In thousands, except per share data)
Numerator for basic and diluted income per common share:
Net income	$	97,992		$	104,923		$	36,453
Less: Net income allocated to unvested participating restricted stock	(1,387		)	(1,400		)	(521		)
Net income available to common stockholders - basic	96,605			103,523			35,932
Effect of unvested participating restricted stock	2			4			—
Numerator - net income available to common shareholders - diluted	$	96,607		$	103,527		$	35,932

Denominator:
Weighted average outstanding shares of common stock - basic	18,030			18,637			18,753
Effect of dilutive securities:
Stock options	95			131			203
Weighted average outstanding shares of common stock - diluted	18,125			18,768			18,956
Net income per common share:
Basic	$	5.36		$	5.55		$	1.92
Diluted	$	5.33		$	5.52		$	1.90