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Net Income Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Income Per Share
NET INCOME PER SHARE
 
Basic net income per share is computed by dividing net income by the weighted-average shares outstanding during the reporting period. Diluted net income per share is computed by dividing net income by the combination of the weighted-average shares outstanding during the reporting period and all potentially dilutive common shares. Potentially dilutive common shares include stock options and RSAs issued under the Corporation's share-based compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per share in the periods where the effect would be antidilutive.

The following table reconciles basic and diluted net income per share for the three and six months ended June 30, 2017 and 2016.
 
Three Months Ended June 30,
 
2017
 
2016
 
Net Income
 
Weighted-Average Shares
 
Per Share
Amount
 
Net Income
 
Weighted-Average Shares
 
Per Share
Amount
Net income available to common stockholders
$
24,136

 
42,038,824

 
$
0.57

 
$
20,006

 
40,751,720

 
$
0.50

Effect of potentially dilutive stock options and restricted stock awards
 
 
204,715

 
 
 
 
 
217,391

 
 
Diluted net income per share
$
24,136

 
42,243,539

 
$
0.57

 
$
20,006

 
40,969,111

 
$
0.49



 
Six Months Ended June 30,
 
2017
 
2016
 
Net Income
 
Weighted-Average Shares
 
Per Share
Amount
 
Net Income
 
Weighted-Average Shares
 
Per Share
Amount
Net income available to common stockholders
$
47,329

 
41,514,565

 
$
1.14

 
$
37,699

 
40,721,147

 
$
0.93

Effect of potentially dilutive stock options and restricted stock awards
 
 
220,456

 
 
 
 
 
220,338

 
 
Diluted net income per share
$
47,329

 
41,735,021

 
$
1.13

 
$
37,699

 
40,941,485

 
$
0.92



For the three months ended June 30, 2017, there were no stock options with an option price greater than the average market price of the common stock. Stock options to purchase 111,750 shares for the three months ended June 30, 2016 were excluded from the computation of diluted net income per share because the options exercise price was greater than the average market price of the common stock.

For the six months ended June 30, 2017, there were no stock options with an option price greater than the average market price of the common stock. Stock options to purchase 142,259 shares for the six months ended June 30, 2016 were excluded from the computation of diluted net income per share because the options exercise price was greater than the average market price of the common stock.