XML 29 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
Earnings per Common Share
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings per Common Share
Earnings per Common Share
The calculation of basic and diluted EPS was as follows:
 
Three Months Ended March 31,
 
2016
 
2015
 
(In thousands, except per share data)
Basic earnings per Class A common share
 
 
 
Net income
$
32,882

 
$
40,813

Income attributable to preferred stock
(972
)
 
(1,165
)
Income attributable to common stock subject to repurchase

 
(81
)
Net income allocated to Class A common stockholders
$
31,910

 
$
39,567

Weighted-average Class A shares issued and outstanding
49,863

 
51,448

Basic earnings per Class A common share
$
0.64

 
$
0.77

 
 
 
 
Diluted earnings per Class A common share
 
 
 
Net income allocated to Class A common stockholders
$
31,910

 
$
39,567

Re-allocated earnings
19

 
11

Diluted net income allocated to Class A common stockholders
31,929

 
39,578

Weighted-average Class A shares issued and outstanding
49,863

 
51,448

Dilutive potential common shares:
 
 
 
Stock options
343

 
281

Restricted stock units
630

 
193

Employee stock purchase plan
31

 
16

Diluted weighted-average Class A shares issued and outstanding
50,867

 
51,938

Diluted earnings per Class A common share
$
0.63

 
$
0.76


For the periods presented, we excluded all shares of convertible preferred stock and certain restricted stock units and stock options outstanding, which could potentially dilute basic EPS in the future, from the computation of diluted EPS as their effect was anti-dilutive. The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:
Note 12—Earnings per Common Share (continued)
 
Three Months Ended March 31,
 
2016
 
2015
 
(In thousands)
Class A common stock
 
 
 
Options to purchase Class A common stock
326

 
795

Restricted stock units
8

 
122

Conversion of convertible preferred stock
1,519

 
1,515

Total options, restricted stock units and convertible preferred stock
1,853

 
2,432