Earnings Per Share

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share

15.EARNINGS PER SHARE

Basic earnings per share was computed by dividing net income from continuing operations attributable to common shareholders by the weighted-average number of shares of Common Stock outstanding for each respective period. Diluted earnings per share was calculated by dividing net income from continuing operations attributable to common shareholders by the weighted-average number of shares of Common Stock outstanding adjusted for any dilutive Common Stock equivalents, including unvested restricted stock and shares issuable upon exercise of stock options as determined under the “If-Converted” method and also Common Stock warrants as determined under the “Treasury Stock” method.

The following table sets forth basic and diluted net income per common share for the three and six months ended June 30, 2017 and 2016 (in thousands, except per share data):

	For the three months				For the six months
	ended June 30,				ended June 30,
	2017		2016		2017		2016
Numerator:
Net income	$	9,233	$	32,711	$	46,832	$	86,348
Denominator:
Basic weighted-average shares outstanding		121,455		125,125		121,253		125,261
Dilutive impact of stock options and restricted shares		982		658		834		660
Diluted weighted-average shares outstanding		122,437		125,783		122,087		125,921
Net income per common share:
Basic	$	0.08	$	0.26	$	0.39	$	0.69
Diluted	$	0.08	$	0.26	$	0.38	$	0.69

For the three andsixmonths ended June 30, 2017, the diluted weighted average number of common shares outstanding excluded an additional 2.1 million and1.7 million shares, respectively, issuable upon exercise of the Company’s stock options because the impact would be anti-dilutive.

For the three and six months ended  June 30, 2016, the diluted weighted average number of common shares outstanding excluded an additional 0.7 million shares issuable upon exercise of the Company’s stock options because the impact would be anti-dilutive.