Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Components of Basic and Diluted EPS

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

Schedule of Securities Excluded from Calculation of Diluted Weighted Average Common Shares Outstanding Due to Anti-dilutive Effect

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