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Net Income Per Share (Tables)
9 Months Ended
Sep. 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
September 30,
    Nine Months Ended
September 30,
 
    2017     2016     2017     2016  

Numerator:

       

Net income

  $ 75,994     $ 32,549     $ 261,494     $ 59,322  
 

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

       

Shares used in net income per common share – basic

    54,282,000       53,574,000       54,076,000       53,423,000  

Effect of dilutive securities:

       

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

    819,000       741,000       944,000       472,000  
 

 

 

   

 

 

   

 

 

   

 

 

 

Shares used in net income per common share – diluted

    55,101,000       54,315,000       55,020,000       53,895,000  
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income per common share:

       

Basic

  $ 1.40     $ 0.61     $ 4.84     $ 1.11  

Diluted

  $ 1.38     $ 0.60     $ 4.75     $ 1.10