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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2017      2016      2017      2016  

Numerator:

           

Net income

   $ 120,440      $ 9,210      $ 185,500      $ 26,773  
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Shares used in net income per common share – basic

     54,178,000        53,461,000        53,973,000        53,348,000  

Effect of dilutive securities:

           

Restricted stock units, stock appreciation rights and shares issued under employee stock purchase plan

     823,000        345,000        1,006,000        337,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares used in net income per common share – diluted

     55,001,000        53,806,000        54,979,000        53,685,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income per common share:

           

Basic

   $ 2.22      $ 0.17      $ 3.44      $ 0.50  

Diluted

   $ 2.19      $ 0.17      $ 3.37      $ 0.50