Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings per Share

Basic earnings per share is based upon the weighted average common shares outstanding during each year. Diluted earnings per share is based on the basic weighted earnings per share with additional weighted common shares for common stock equivalents. During the three months ended March 31, 2016 and March 31, 2015, we had unvested shares of common stock to certain of our employees under the Company's 2011 Restricted Stock Award Plan. A reconciliation of the numerator (net income) and denominator (weighted average number of shares outstanding of the basic and diluted earnings per share ("EPS")) for the three months ended March 31, 2016 and March 31, 2015 is as follows (in thousands, except per share data):



	Three months ended March 31, 2016
	Net Income (numerator)		Shares (denominator)	Per Share Amount
Basic EPS	$	14,377	83,369	$	0.17
Effect of restricted stock	—		91
Diluted EPS	$	14,377	83,460	$	0.17



	Three months ended March 31, 2015
	Net Income (numerator)		Shares (denominator)	Per Share Amount
Basic EPS	$	17,611	87,791	$	0.20
Effect of restricted stock	—		174
Diluted EPS	$	17,611	87,965	$	0.20