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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted Earnings Per Share

A summary of the calculation of basic and diluted earnings per share (EPS) for the years ended December 31, 2016, 2015 and 2014 is as follows:

 

(In thousands, except for per share amounts)

 

2016

 

 

2015

 

 

2014

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

35,229

 

 

$

18,646

 

 

$

44,620

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

48,724

 

 

 

51,145

 

 

 

55,120

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

170

 

 

 

81

 

 

 

304

 

Restricted stock and restricted stock units

 

 

55

 

 

 

41

 

 

 

58

 

Weighted average number of shares – diluted

 

$

48,949

 

 

$

51,267

 

 

$

55,482

 

Net income per share – basic

 

$

0.72

 

 

$

0.36

 

 

$

0.81

 

Net income per share – diluted

 

$

0.72

 

 

$

0.36

 

 

$

0.80