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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
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 for the three and six months ended June 30, 2017 and 2016 is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands, except per share amounts)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

12,401

 

 

$

10,228

 

 

$

19,052

 

 

$

15,242

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

48,036

 

 

 

48,831

 

 

 

48,232

 

 

 

49,026

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

279

 

 

 

161

 

 

 

348

 

 

 

138

 

PSUs, RSUs and restricted stock

 

 

98

 

 

 

56

 

 

 

95

 

 

 

54

 

Weighted average number of shares – diluted

 

 

48,413

 

 

 

49,048

 

 

 

48,675

 

 

 

49,218

 

Net income per share – basic

 

$

0.26

 

 

$

0.21

 

 

$

0.40

 

 

$

0.31

 

Net income per share – diluted

 

$

0.26

 

 

$

0.21

 

 

$

0.39

 

 

$

0.31