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Net Income per Share (Tables)
6 Months Ended
Jun. 30, 2018
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 June 30,
 
Six months ended June 30,
 
2018
 
2017
 
2018
 
2017
 
 
 
(as adjusted)
 
 
 
(as adjusted)
 
(In thousands, except per share data)
Numerator for basic and diluted income per common share:
 

 
 

 
 
 
 
Net income
$
12,713

 
$
22,107

 
$
29,786

 
$
37,702

Less: Net income allocated to unvested participating restricted stock
(428
)
 
(356
)
 
(1,000
)
 
(635
)
Net income available to common stockholders - basic
12,285

 
21,751

 
28,786

 
37,067

Effect of unvested participating restricted stock in two-class calculation

 

 
3

 

Net income available to common stockholders - diluted
$
12,285

 
$
21,751

 
$
28,789

 
$
37,067

Denominator:
 

 
 

 
 
 
 
Weighted average outstanding shares of common stock - basic
17,544

 
17,719

 
17,623

 
17,707

Dilutive effect of stock options
259

 
6

 
204

 
14

Weighted average outstanding shares of common stock - diluted
17,803

 
17,725

 
17,827

 
17,721

Net income per common share:
 

 
 

 
 
 
 
Basic
$
0.70

 
$
1.23

 
$
1.63

 
$
2.09

Diluted
$
0.69

 
$
1.23

 
$
1.61

 
$
2.09