Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Computation of the Company’s basic and diluted net income per share

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

	Three months ended March 31,
	2017			2016
	(In thousands, except per share data)
Numerator for basic and diluted income per common share:
Net income	$	14,363		$	25,543
Less: Net income allocated to unvested participating restricted stock	(264		)	(382		)
Net income available to common stockholders - basic	14,099			25,161
Effect of unvested participating restricted stock in two-class calculation	—			1
Net income available to common stockholders - diluted	$	14,099		$	25,162
Denominator:
Weighted average outstanding shares of common stock - basic	17,694			18,260
Dilutive effect of stock options	43			113
Weighted average outstanding shares of common stock - diluted	17,737			18,373
Net income per common share:
Basic	$	0.80		$	1.38
Diluted	$	0.79		$	1.37