Net Income Per Share

Basic net income per common share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed using the weighted-average number of common and dilutive common equivalent shares from stock options, restricted stock and warrants using the treasury stock method.

The following table sets forth the computation of basic and diluted net income per share (in thousands except share data):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net income	$	17,457	$	3,321	$	29,853	$	6,493
Denominator for basic earnings per share - weighted average shares	106,871,436		105,991,990		106,469,278		105,927,890
Effect of dilutive securities: Stock options and restricted stock outstanding(a)	10,630,489		6,369,189		10,077,728		6,265,811
Denominator for diluted earnings per share - weighted average shares adjusted for dilutive securities	117,501,925		112,361,179		116,547,006		112,193,701
Income per common share - basic	$	0.16	$	0.03	$	0.28	$	0.06
Income per common share - diluted	$	0.15	$	0.03	$	0.26	$	0.06

(a) Securities outstanding that are included in the computation above, utilizing the treasury stock method are as follows:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2017	2016	2017	2016
Outstanding stock options	7,916,564	5,704,112	7,985,521	5,767,469
Restricted stock awards	2,713,925	665,077	2,092,207	498,342
	10,630,489	6,369,189	10,077,728	6,265,811