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Earnings Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended
 
 
March 31,
 
 
2017
 
2016
Numerator:
 
 
 
 
Net income
 
$
32,645

 
$
13,174

 
 
 
 
 
Denominator (in thousands):
 
 
 
 
Weighted-average common shares for calculating basic earnings per share
 
48,389

 
28,241

Effect of dilutive securities:
 
 
 
 
Stock options and nonvested awards
 
13

 
—

Weighted-average common shares for calculating diluted earnings per share
 
48,402

 
28,241

 
 
 
 
 
Net income per share:
 
 
 
 
Basic
 
$
0.67

 
$
0.47

Diluted
 
$
0.67

 
$
0.47