Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings per share

The following table sets forth the computation of basic and diluted earnings per share:



	Years ended December 31,
(in thousands, except share and per share amounts)	2015		2014		2013
Numerator:
Net income	$	25,649	$	28,290	$	30,472
Denominator:
Weighted average common shares	45,623,854		45,215,138		44,684,812
Add effect of dilutive securities:
Stock-based compensation	874,850		584,736		736,328
Weighted average common shares assuming dilution	46,498,704		45,799,874		45,421,140
Earnings per share:
Basic	$	0.56	$	0.63	$	0.68
Diluted	$	0.55	$	0.62	$	0.67

The following shares underlying stock-based awards were not included in diluted earnings per share because their inclusion would have been anti-dilutive:

Years ended December 31,

Shares excluded from calculations of diluted earnings per share