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Net Income Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Income Per Share
NET INCOME PER SHARE
 
Basic net income per share is computed by dividing net income by the weighted-average shares outstanding during the reporting period. Diluted net income per share is computed by dividing net income by the combination of the weighted-average shares outstanding during the reporting period and all potentially dilutive common shares. Potentially dilutive common shares include stock options and RSAs issued under the Corporation's share-based compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per share in the periods where the effect would be antidilutive.

The following table reconciles basic and diluted net income per share for the three and nine months ended September 30, 2018 and 2017.
 
Three Months Ended September 30,
 
2018
 
2017
 
Net Income
 
Weighted-Average Shares
 
Per Share
Amount
 
Net Income
 
Weighted-Average Shares
 
Per Share
Amount
Net income available to common stockholders
$
41,113

 
49,286,945

 
$
0.83

 
$
24,358

 
48,431,880

 
$
0.50

Effect of potentially dilutive stock options and restricted stock awards
 
 
205,074

 
 
 
 
 
211,894

 
 
Diluted net income per share
$
41,113

 
49,492,019

 
$
0.83

 
$
24,358

 
48,643,774

 
$
0.50



 
Nine Months Ended September 30,
 
2018
 
2017
 
Net Income
 
Weighted-Average Shares
 
Per Share
Amount
 
Net Income
 
Weighted-Average Shares
 
Per Share
Amount
Net income available to common stockholders
$
117,426

 
49,244,403

 
$
2.38

 
$
71,687

 
43,845,675

 
$
1.64

Effect of potentially dilutive stock options and restricted stock awards
 
 
213,782

 
 
 
 
 
217,544

 
 
Diluted net income per share
$
117,426

 
49,458,185

 
$
2.37

 
$
71,687

 
44,063,219

 
$
1.63

 
 
 
 
 
 
 
 
 
 
 
 


For the three and nine months ended September 30, 2018 and 2017, there were no stock options with an option price greater than the average market price of the common shares.