Earnings Per Share

3 Months Ended

Mar. 31, 2018

Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share assumes the conversion of all potentially dilutive securities and is calculated by dividing net income by the sum of the weighted average number of shares of common stock outstanding plus all potentially dilutive securities. Dilutive common shares consist primarily of stock options and restricted stock awards.



	Three months ended
	March 31, 2018		March 31, 2017
	(in thousands, except share and per share data)
Numerator:
Net income	$	4,260	$	10,217
Denominator:
Basic weighted average shares	52,433,902		52,622,539
Effect of dilutive stock options and restricted stock	476,321		567,518
Diluted weighted average shares	52,910,223		53,190,057
Earnings per share:
Basic	$	0.08	$	0.19
Diluted	$	0.08	$	0.19
Anti-dilutive shares:
Shares	1,676,773		783,965