The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):
|
|
For the Three Months Ended |
|
|
For the Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
$ |
12,933 |
|
|
$ |
29,834 |
|
|
$ |
29,463 |
|
|
$ |
23,827 |
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Denominator for basic earnings per share - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
weighted average shares |
|
36,512 |
|
|
|
37,765 |
|
|
|
36,552 |
|
|
|
37,939 |
|
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Employee stock options and restricted stock |
|
398 |
|
|
|
341 |
|
|
|
345 |
|
|
|
378 |
|
|
Denominator for diluted earnings per share - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted weighted average shares and the effect of dilutive securities |
|
36,910 |
|
|
|
38,106 |
|
|
|
36,897 |
|
|
|
38,317 |
|
|
Net income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share - basic |
$ |
0.35 |
|
|
$ |
0.79 |
|
|
$ |
0.81 |
|
|
$ |
0.63 |
|
|
Net income per share - diluted |
$ |
0.35 |
|
|
$ |
0.78 |
|
|
$ |
0.80 |
|
|
$ |
0.62 |
|
|