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Income Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The computation of basic and diluted net income per share is presented in the following table. Prior year amounts have been adjusted for the adoption of ASC 606 in the first quarter of 2018. See Note 2, Recent Accounting Pronouncements, for reconciliation of prior year “As Previously Reported” and “As Adjusted” amounts.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net income
$
15,743

 
$
929

 
$
15,017

 
$
1,351

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
53,747

 
53,748

 
53,747

 
53,786

Weighted average effect of dilutive stock awards
1,659

 
1,817

 
1,690

 
2,018

Diluted weighted average common shares outstanding
55,406

 
55,565

 
55,437

 
55,804

 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
Basic
$
0.29

 
$
0.02

 
$
0.28

 
$
0.03

Diluted
$
0.28

 
$
0.02

 
$
0.27

 
$
0.02

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The potential common shares were excluded from the computation of diluted net income per share as their effect would have been anti-dilutive is presented in the following table.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Anti-dilutive shares excluded from net income per share calculation
1,990

 
1,962

 
2,015

 
1,920