Recently Adopted Accounting Standard (Tables)

6 Months Ended

Jun. 30, 2017

Accounting Changes and Error Corrections [Abstract]

Schedule of Previously Reported Quarterly Data

• The standard requires that excess tax benefits of the settlement or vesting of time-based restricted stock or time-based restricted stock units and performance-based restricted stock or performance-based restricted stock units be recorded within income tax expense. Prior to adoption this amount would have been recorded as an increase in additional paid-in capital. Additionally, the standard requires that excess tax benefits are now reported as an operating activity in the Company’s Consolidated Statements of Cash Flows, rather than as a financing activity as was previously reported. The Company applied this guidance prospectively as of January 1, 2016 during the quarterly period ended December 31, 2016, and, accordingly, data previously reported for the three and six months ended June 30, 2016 have been adjusted, as follows:

	Three Months Ended June 30, 2016
	As Reported		Adjusted
	(in thousands, except share and per share data)
Provision for income taxes	$	12,878	$	12,432
Net Income	$	23,279	$	23,725
Basic net income per share	$	0.80	$	0.81
Diluted net income per share	$	0.79	$	0.80
Diluted weighted average common shares outstanding		29,423,845		29,477,870

	Six Months Ended June 30, 2016
	As Reported			Adjusted
	(in thousands, except share and per share data)
Provision for income taxes	$	25,919		$	25,170
Net Income	$	46,681		$	47,430
Basic net income per share	$	1.58		$	1.61
Diluted net income per share	$	1.57		$	1.60
Diluted weighted average common shares outstanding		29,642,287			29,694,081
Cash flows provided by operating activities	$	15,632		$	16,442
Cash flows used in financing activities	$	(18,241	)	$	(19,051	)