Earnings Per Share

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 2 – Earnings per Share

Earnings per share (“EPS”) are calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of Common Stock outstanding during the period. Diluted EPS are calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive. A total of 1.9 million and 1.0 million options and stock awards outstanding during the three month ended June 30, 2016 and 2015, respectively, and 1.9 million and 1.0 million options and stock awards during six months ended June 30, 2016 and 2015, respectively, were excluded from the calculation because the effect was anti-dilutive.  

The table below sets forth the reconciliation between net income and the weighted average shares outstanding used for calculating basic and diluted EPS for the three months and six ended June 30, 2016 and 2015:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Earnings (numerator)
Net income attributable to common stockholders	$	5,752	$	15,078	$	4,019	$	26,210
Shares (denominator)
Weighted average common shares outstanding (basic)		48,383		48,076		48,336		47,872
Dilutive effect of stock options and stock awards outstanding		1,117		1,174		1,044		1,219
Adjusted weighted average common shares outstanding (diluted)		49,500		49,250		49,380		49,091
Earnings per share attributable to common stockholders
Basic	$	0.12	$	0.31	$	0.08	$	0.55
Diluted	$	0.12	$	0.31	$	0.08	$	0.53