Earnings Per Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2016 and June 30, 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 and six months ended June 30, 2016 and 2015 is as follows (in thousands, except per share data):



	Three months ended June 30, 2016
	Net Income (numerator)		Shares (denominator)	Per Share Amount
Basic EPS	$	16,368	83,248	$	0.20
Effect of restricted stock	—		71
Diluted EPS	$	16,368	83,319	$	0.20



	Three months ended June 30, 2015
	Net Income (numerator)		Shares (denominator)	Per Share Amount
Basic EPS	$	23,316	87,814	$	0.27
Effect of restricted stock	—		153
Diluted EPS	$	23,316	87,967	$	0.27



	Six Months Ended June 30, 2016
	Net Income (numerator)		Shares (denominator)	Per Share Amount
Basic EPS	$	30,745	83,308	$	0.37
Effect of restricted stock	—		82
Diluted EPS	$	30,745	83,390	$	0.37



	Six Months Ended June 30, 2015
	Net Income (numerator)		Shares (denominator)	Per Share Amount
Basic EPS	$	40,928	87,802	$	0.47
Effect of restricted stock	—		164
Diluted EPS	$	40,928	87,966	$	0.47