Earnings Per Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share, or EPS, are as follows (in thousands, except share and per share amounts):

	Three Months Ended   March 31,
	2017			2016
Net income	$	3,963		$	2,738
Less: income allocated to participating securities	$	(2	)	$	(5	)
Net income attributable to common stockholders (A)	$	3,961		$	2,733
Weighted average common shares outstanding — basic (B)	46,225,473			45,526,058
Dilutive effect of stock options	2,533,301			1,777,838
Weighted average common shares outstanding — diluted (C)	48,758,774			47,303,896
Net income per share:
Basic (A/B)	$	0.09		$	0.06
Diluted (A/C)	$	0.08		$	0.06

The following securities have been excluded from the calculation of diluted weighted average common shares outstanding because the effect is anti-dilutive:

	Three Months Ended March 31,
	2017	2016
Stock options	133,750	514,122
Common stock subject to repurchase	25,793	77,670