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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Adoption of New Standard Impact on Previously Reported Quarterly Results
The adoption of ASU 2016-09 impacted our previously reported quarterly results for fiscal year 2016 as follows:
Consolidated balance sheets:
 
 
 
 
 
(dollars in thousands)
As of March 31, 2016
 
As of June 30, 2016
 
As Reported
As Adjusted
 
As Reported
As Adjusted
Additional paid-in capital
$
285,376

$
285,606

 
$
294,810

$
294,019

Retained earnings
$
134,192

$
134,500

 
$
136,338

$
137,893

 
 
 
 
 
 
Consolidated statements of comprehensive income:
 
 
 
 
 
(dollars in thousands, except per share amounts)
Three months ended
 March 31, 2016
 
Three months ended
 June 30, 2016
 
As Reported
As Adjusted
 
As Reported
As Adjusted
Income tax provision
$
2,664

$
1,595

 
$
3,598

$
1,778

Net income
$
4,995

$
6,237

 
$
7,813

$
9,060

Basic earnings per share
$
0.11

$
0.14

 
$
0.17

$
0.20

Diluted earnings per share
$
0.11

$
0.13

 
$
0.17

$
0.19

Diluted weighted average shares outstanding
46,757,458

47,064,164

 
46,927,626

47,263,844

 
 
 
 
 
 
Consolidated statements of cash flows:
 
 
 
 
 
(dollars in thousands)
Three months ended
 March 31, 2016
 
Six months ended
 June 30, 2016
 
As Reported
As Adjusted
 
As Reported
As Adjusted
Net cash provided by operating activities
$
104

$
6,757

 
$
37,987

$
48,753

Net cash provided by (used in) financing activities
$
9,546

$
2,893

 
$
(13,852
)
$
(24,618
)
The following table summarizes the impact to our consolidated balance sheet, including the net amount charged to retained earnings as of January 1, 2016:
(dollars in thousands)
As of January 1, 2016
 
Balance sheet location
Amount
Decrease in deferred tax liabilities related to the cumulative effect adjustment from our election to recognize forfeitures as they occur rather than applying an estimated forfeiture rate
Deferred tax liability
$
(606
)
Increase in additional paid-in capital resulting from our election to recognize forfeitures as they occur
Additional paid-in capital
$
1,540

Net charge to retained earnings for cumulative effect adjustment from adoption of ASU 2016-09
Retained earnings
$
(934
)