Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

Computation of Basic and Diluted Earnings Per Share

The following table shows the computation of basic and diluted earnings per share:



(Amounts in thousands, except per share data)	2017		2016		2015
Numerator:
Net income	$	50,244	$	64,080	$	53,533
Denominator:
Denominator for basic earnings per share - weighted average shares	31,419		30,276		28,435
Effect of dilutive employee stock options and restricted stock	884		809		508
Denominator for diluted earnings per share - adjusted weighted average shares and assumed exercised	32,303		31,086		28,943
Earnings per share:
Basic	$	1.60	$	2.12	$	1.88
Diluted ⁽¹⁾	$	1.56	$	2.06	$	1.85
Outstanding common stock equivalents having no dilutive effect	2		18		83

(1) Diluted earnings per share considers the impact of potentially dilutive shares except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.