Earnings Per Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2017 and 2016 (in thousands, except per share data).

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Numerator:
Income from continuing operations	$	9,864	$	10,987	$	46,306	$	41,172
Denominator:
Basic
Weighted average common shares outstanding		54,142		52,648		53,804		52,086
Diluted
Stock options (1)		1,433		868		1,499		842
Restricted stock awards (1)		244		189		330		251
Contingent shares (2)		8		141		8		141
Diluted weighted average common shares outstanding		55,827		53,846		55,641		53,320
Basic earnings per share from continuing operations	$	0.18	$	0.21	$	0.86	$	0.79
Diluted earnings per share from continuing operations	$	0.18	$	0.20	$	0.83	$	0.77

(1)

A total of 0.8 million and 0.4 million share based awards were excluded from the calculation of diluted earnings per share for the three and nine months ended September 30, 2017, respectively, and a total of 1.1 million and 1.3 million share based awards were excluded from the calculation of diluted earnings per share for the three and nine months ended September 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.