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Net Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Share Amounts in Computation of Basic and Diluted Net Earnings Per Common Share

The following is a reconciliation of the net income and share amounts used in the computation of basic and diluted net earnings per common share for the three and six months ended June 30, 2017 and 2016 (in thousands, except per share data):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

(in thousands, except per share data)

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

31,144

 

 

$

33,341

 

 

$

59,368

 

 

$

60,821

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.45

 

 

$

0.46

 

 

$

0.85

 

 

$

0.84

 

Effect of CESs

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Diluted

 

$

0.45

 

 

$

0.46

 

 

$

0.85

 

 

$

0.84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

69,227

 

 

 

71,880

 

 

 

69,610

 

 

 

72,264

 

Effect of CESs

 

 

194

 

 

 

348

 

 

 

234

 

 

 

369

 

Diluted

 

 

69,421

 

 

 

72,228

 

 

 

69,844

 

 

 

72,633