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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Reconciliation of Basic and Diluted Income (Loss) Per Share

The following table illustrates the reconciliation of the basic and diluted per share computations (in thousands, except share and per share data):

 

 

 

Year Ended

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

176,293

 

 

$

20,405

 

 

$

25,625

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

90,272,257

 

 

 

89,340,589

 

 

 

87,920,230

 

Per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

$

1.95

 

 

$

0.23

 

 

$

0.29

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

176,293

 

 

$

20,405

 

 

$

25,625

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

90,272,257

 

 

 

89,340,589

 

 

 

87,920,230

 

Dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

906,519

 

 

 

1,373,733

 

 

 

1,815,489

 

Restricted stock units

 

 

713,181

 

 

 

588,734

 

 

 

559,466

 

Diluted shares outstanding

 

 

91,891,957

 

 

 

91,303,056

 

 

 

90,295,185

 

Per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

$

1.92

 

 

$

0.22

 

 

$

0.28