Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

Computation of Basic and Diluted Earnings Per Share from Continuing Operations

The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the three and six months ended June 30, 2017 and 2016 (in thousands, except per share data).

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Numerator:
Income from continuing operations	$	11,416	$	8,387	$	36,442	$	30,185
Denominator:
Basic
Weighted average common shares outstanding		53,968		52,031		53,632		51,802
Diluted
Stock options (1)		1,544		814		1,524		811
Restricted stock awards (1)		319		229		374		283
Contingent shares (2)		—		5		—		5
Diluted weighted average common shares outstanding		55,831		53,079		55,530		52,901
Basic earnings per share from continuing operations	$	0.21	$	0.16	$	0.68	$	0.58
Diluted earnings per share from continuing operations	$	0.20	$	0.16	$	0.66	$	0.57

(1)

A total of 0.5 million and 0.2 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2017, respectively, and a total of 1.7 million and 1.5 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2016, respectively, as their effect would be anti-dilutive.

(2)

Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by us once future considerations have been met. Refer to Note 12, Acquisitions, for further details.