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Earnings per Share | 12 Months Ended
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Dec. 31, 2016
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share Earnings per share (“EPS”) is calculated on both a basic and a diluted basis. Basic EPS excludes dilution and is computed by dividing income available to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted from the issuance of common stock that then shared in earnings, excluding shares of common stock in treasury. Unvested restricted stock is excluded from the calculation of weighted-average number of common shares for basic EPS. For diluted EPS, weighted-average number of common shares included the impact of restricted stock under the treasury method. The Company amended all restricted stock agreements as of September 1, 2015 to allow for the payment of non-forfeitable dividends on unvested restricted stock, accordingly, we adopted the two-class method for EPS calculation pursuant to ASC 260-10, Earnings Per Share. Unvested restricted stock containing rights to non-forfeitable dividends are considered participating securities prior to vesting and have been included in the earnings allocation in computing basic and diluted EPS under the two-class method. Basic EPS is computed by dividing net income, net of income allocated to participating securities, by the weighted-average number of shares of common stock. For diluted EPS, weighted-average number of shares of common stock include the diluted effect of stock options. The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:
| Net Income (Numerator) |  | Weighted- Average Shares (Denominator) |  | Per Share Amount
| (In thousands, except share and per share data)
Year Ended December 31, 2016 |  |  |  |  |
Basic EPS |  |  |  |  |
Net income | $ | 56,489 |  |  | 31,899,582 |  |  | $ | 1.77 |
Less: Income allocated to unvested restricted stock | 457 |  |  | 31,899,582 |  |  | 0.01 |
Basic EPS | $ | 56,032 |  |  | 31,899,582 |  |  | $ | 1.76 |
Effect of dilutive securities - options, warrants and unvested restricted stock |  |  | 149,122 |  |  |
Diluted EPS |  |  |  |  |
Net income | $ | 56,489 |  |  | 32,048,704 |  |  | $ | 1.76 |
Less: Income allocated to unvested restricted stock | 457 |  |  | 32,048,704 |  |  | 0.01 |
Diluted EPS | $ | 56,032 |  |  | 32,048,704 |  |  | $ | 1.75 |
Year Ended December 31, 2015 |  |  |  |  |
Basic EPS |  |  |  |  |
Net income | $ | 53,823 |  |  | 31,788,215 |  |  | $ | 1.69 |
Less: Income allocated to unvested restricted stock | 145 |  |  | 31,788,215 |  |  | — |
Basic EPS | $ | 53,678 |  |  | 31,788,215 |  |  | $ | 1.69 |
Effect of dilutive securities - options, warrants and unvested restricted stock |  |  |  | 88,605 |  |  |  |
Diluted EPS |  |  |  |  |
Net income | $ | 53,823 |  |  | 31,876,820 |  |  | $ | 1.68 |
Less: Income allocated to unvested restricted stock | 145 |  |  | 31,876,820 |  |  | — |
Diluted EPS | $ | 53,678 |  |  | 31,876,820 |  |  | $ | 1.68 |
Year Ended December 31, 2014 |  |  |  |  |
Basic EPS |  |  |  |  |
Income from continuing operations, net of taxes | $ | 50,205 |  |  | 31,696,100 |  |  | $ | 1.58 |
Loss from discontinued operations, net of taxes | (444 | ) |  | 31,696,100 |  |  | (0.01 | )
Basic EPS | $ | 49,761 |  |  | 31,696,100 |  |  | $ | 1.57 |
Effect of dilutive securities - options, warrants and unvested restricted stock |  |  |  | 281,964 |  |  |  |
Diluted EPS |  |  |  |  |
Income from continuing operations, net of taxes | $ | 50,205 |  |  | 31,978,064 |  |  | $ | 1.57 |
Loss from discontinued operations, net of taxes | (444 | ) |  | 31,978,064 |  |  | (0.01 | )
Diluted EPS | $ | 49,761 |  |  | 31,978,064 |  |  | $ | 1.56 |
For the years ended December 31, 2016, 2015 and 2014, there were 74,389, 30,250 and 85,850 options, warrants and shares of unvested restricted stock outstanding, respectively, that were not included in the computation of diluted EPS because their effect would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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