Net Income Per Share

12 Months Ended

Dec. 31, 2015

The computation of the Company's basic and diluted net income per share is as follows:



	Year Ended December 31,
	2015			2014			2013
	(In thousands, except per share data)
Numerator for basic and diluted income per common share:
Net income	$	104,923		$	36,453		$	72,037
Less: Net income allocated to unvested participating restricted stock	(1,400		)	(521		)	(1,200		)
Net income available to common stockholders - basic	103,523			35,932			70,837
Effect of unvested participating restricted stock	4			—			4
Numerator - net income available to common shareholders - diluted	$	103,527		$	35,932		$	70,841

Denominator:
Weighted average outstanding shares of common stock - basic	18,637			18,753			18,871
Effect of dilutive securities:
Stock options	131			203			270
Weighted average outstanding shares of common stock - diluted	18,768			18,956			19,141
Net income per common share:
Basic	$	5.55		$	1.92		$	3.75
Diluted	$	5.52		$	1.90		$	3.70