Earnings Per Share

3 Months Ended

Mar. 31, 2018

Net income per share

Earnings Per Share

Note 5.   Earnings Per Share

Basic net income per share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share has been computed using the weighted-average number of shares of common stock and dilutive potential common shares from stock options and restricted stock units outstanding during the period.

The following table sets forth the computation of the basic and diluted net income per share for the periods indicated (in thousands, except per share amounts):

	Three months ended March 31,
	2018		2017
Numerator:
Net income	$	2,120	$	19,789
Denominator:
Weighted average shares used to compute net income per share
Basic		19,492		18,598
Effect of dilutive options and restricted stock units		497		1,104
Diluted		19,989		19,702
Net income per share
Basic	$	0.11	$	1.06
Diluted	$	0.11	$	1.00

There were no securities that were excluded from the computation of diluted net income per share.