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Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Common Share
The calculation of basic and diluted EPS was as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands, except per share data)
Basic earnings per Class A common share
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income
$
29,827

 
$
19,266

 
$
99,858

 
$
60,020

Denominator:
 
 
 
 
 
 
 
Weighted-average Class A shares issued and outstanding
52,105

 
50,013

 
51,774

 
50,234

Basic earnings per Class A common share
$
0.57

 
$
0.39

 
$
1.93

 
$
1.19

 
 
 
 
 
 
 
 
Diluted earnings per Class A common share
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income
$
29,827

 
$
19,266

 
$
99,858

 
$
60,020

Denominator:
 
 
 
 
 
 
 
Weighted-average Class A shares issued and outstanding
52,105

 
50,013

 
51,774

 
50,234

Dilutive potential common shares:
 
 
 
 
 
 
 
Stock options
343

 
759

 
441

 
706

Restricted stock units
1,236

 
1,418

 
1,296

 
1,368

Performance based restricted stock units
705

 
259

 
789

 
268

Employee stock purchase plan
1

 
3

 
1

 
1

Diluted weighted-average Class A shares issued and outstanding
54,390

 
52,452

 
54,301

 
52,577

Diluted earnings per Class A common share
$
0.55

 
$
0.37

 
$
1.84

 
$
1.14

Antidilutive Shares
The following table shows the weighted-average number of shares excluded from the diluted EPS calculation:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Class A common stock
 
 
 
 
 
 
 
Options to purchase Class A common stock

 
56

 

 
73

Performance based restricted stock units
134

 
424

 
101

 
216

Total options and restricted stock units
134

 
480

 
101

 
289