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THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2017
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):
 
 
  
Three months ended
    
Six months ended
  
 
  
June 30,
    
June 30,
  
 
  
2017
    
2016
    
2017
    
2016
  
Numerator:
                        
Net income
  
$
12,769
    
$
13,061
    
$
26,754
    
$
25,955
  
Less: Income allocated to participating securities
    
(117
)
    
(114
)
    
(245
)
    
(234
)
Net income available to common stockholders
  
$
12,652
    
$
12,947
    
$
26,509
    
$
25,721
  
Denominator:
                                
Weighted average shares - basic
    
66,248
      
65,953
      
66,147
      
65,846
  
Performance-based restricted stock awards
    
-
      
14
      
-
      
13
  
Weighted average shares - diluted
    
66,248
      
65,967
      
66,147
      
65,859
  
 
                                
Basic net income per share:
                                
Net income
  
$
0.19
    
$
0.20
    
$
0.40
    
$
0.39
  
 
                                
Diluted net income per share:
                                
Net income
  
$
0.19
    
$
0.20
    
$
0.40
    
$
0.39