Schedule of basic and diluted income per share |
Basic and diluted net income per share were computed as follows, in thousands, except share and per share amounts:
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Three Months Ended June 30,
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Six Months Ended June 30,
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2018
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2017
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2018
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2017
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Net income - basic and diluted
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$
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27,153
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$
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23,460
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$
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53,540
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$
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21,749
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Weighted average number of common shares outstanding - basic
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35,102,429
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36,488,222
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35,081,292
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36,803,979
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Dilutive effect of common stock equivalents:
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RSAs with service-based conditions
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165,951
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227,185
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174,537
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214,242
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RSAs with market-based conditions
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253,382
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189,835
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241,552
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160,693
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RSAs with performance-based conditions
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—
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—
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—
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—
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Stock options
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315,340
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286,057
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330,909
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225,279
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Weighted average number of common shares outstanding - diluted
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35,837,102
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37,191,299
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35,828,290
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37,404,193
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Basic net income per common share
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$
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0.77
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$
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0.64
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$
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1.53
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$
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0.59
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Diluted net income per common share
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$
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0.76
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$
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0.63
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$
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1.49
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$
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0.58
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Summary of shares excluded from the calculation of diluted income per share because their effect would have been anti-dilutive |
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Three Months Ended June 30,
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Six Months Ended June 30,
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2018
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2017
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2018
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2017
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Anti-dilutive common stock equivalents:
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RSAs with service-based conditions
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349
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985
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312
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916
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RSAs with market-based conditions
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—
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—
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—
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—
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RSAs with performance-based conditions
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—
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—
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—
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—
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Stock options
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76,349
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96,211
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55,777
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86,442
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Total anti-dilutive common stock equivalents
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76,698
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97,196
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56,089
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87,358
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