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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
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 share and per share data):

 

     Year Ended December 31,  
     2016      2015      2014  

Numerator:

        

Net income

   $ 67,847       $ 48,098       $ 41,521   
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Basic weighted average shares outstanding

     29,394,559         31,350,542         32,319,649   

Effect of dilutive securities:

        

SARS and options

     125,119         197,299         262,730   

Restricted stock

     92,991         134,668         168,695   
  

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding

     29,612,669         31,682,509         32,751,074   
  

 

 

    

 

 

    

 

 

 

Basic earnings per share

   $ 2.31       $ 1.53       $ 1.28   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per share

   $ 2.29       $ 1.52       $ 1.27   
  

 

 

    

 

 

    

 

 

 

 

Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes the following potentially dilutive securities because the effect would be anti-dilutive:

 

     Year Ended December 31,  
     2016      2015      2014  

Restricted stock and stock options

     12         501         2,633   

Stock appreciation rights

     4,631         5,828         1,969