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Earnings Per Share - (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

The following table sets forth the weighted average number of restricted stock units that have been excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Restricted stock units

 

 

7

 

 

 

2

 

 

 

17

 

 

 

9

 

Total

 

 

7

 

 

 

2

 

 

 

17

 

 

 

9

 

 

Schedule of Earnings Per Share, Basic and Diluted

The Company’s basic and diluted earnings per share amounts are as follows:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

7,187

 

 

$

17,369

 

 

$

37,014

 

 

$

33,713

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share - weighted average shares

   outstanding

 

 

31,901

 

 

 

31,571

 

 

 

31,807

 

 

 

31,455

 

Effect of potential dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options and restricted stock

   units - dilutive shares

 

 

507

 

 

 

599

 

 

 

580

 

 

 

669

 

Warrant - dilutive shares

 

 

 

 

 

 

 

 

 

 

 

2

 

Diluted earnings per share - weighted average shares

   outstanding

 

 

32,408

 

 

 

32,170

 

 

 

32,387

 

 

 

32,126

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.23

 

 

$

0.55

 

 

$

1.16

 

 

$

1.07

 

Diluted

 

$

0.22

 

 

$

0.54

 

 

$

1.14

 

 

$

1.05