NET INCOME PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2018

The following table is a reconciliation of net income and the shares used in calculating basic and diluted net income per common share for the three and nine months ended September 30, 2018 and 2017 (in thousands, except share and per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Numerator:
Net income	$	22,818		$	13,520		$	39,591		$	71,072
Adjustment for Basic EPS:
Earnings allocated to unvested shareholders		(242	)		(199	)		(481	)		(1,149	)
Adjusted net income	$	22,576		$	13,321		$	39,110		$	69,923
Denominator:
Weighted average common shares outstanding – Basic		46,869,998			46,801,051			46,841,036			46,716,726
Effect of dilutive shares:
Common stock equivalents arising from stock options and ESPP		754			1,130			1,682			2,438
Restricted stock awards and units and performance units		43,801			69,539			51,050			74,265
Weighted average common shares outstanding – Diluted		46,914,553			46,871,720			46,893,768			46,793,429
Net income per common share:
Basic	$	0.48		$	0.28		$	0.83		$	1.50
Diluted	$	0.48		$	0.28		$	0.83		$	1.49