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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Weighted-Average Shares of Common Stock Outstanding for Purposes of Calculating Basic and Diluted Earnings Per Share

The following table is a reconciliation of net income and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted EPS:

 

 

 

Three Months Ended

March 31,

 

 

 

2018

 

 

2017

 

 

(In thousands, except per share data)

 

Numerator:

 

 

 

 

 

 

 

 

Net income

 

$

14,855

 

 

$

10,152

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

44,214

 

 

 

44,109

 

Dilutive effect of share-based awards

 

 

628

 

 

 

232

 

Weighted average shares outstanding - diluted

 

 

44,842

 

 

 

44,341

 

Earnings per share:

 

 

 

 

 

 

 

 

Basic

 

$

0.34

 

 

$

0.23

 

Diluted

 

 

0.33

 

 

 

0.23

 

 

Number of Stock Options and Restricted Share Awards that were Issued or Outstanding but were Excluded in Calculating Diluted Earnings Per Share Because their Effect would have been Anti-Dilutive

The following table represents the number of stock options and restricted share awards that were issued or outstanding but excluded in calculating diluted EPS because their effect would have been anti-dilutive for the periods indicated, or the underlying performance criteria had not yet been met:

 

 

 

Three Months Ended

March 31,

 

 

 

2018

 

 

2017

 

 

(In thousands)

 

Stock options

 

 

986

 

 

 

2,221

 

Restricted share awards

 

 

 

 

 

74

 

Total

 

 

986

 

 

 

2,295