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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Weighted-Average Number of Shares of Common Stock Used to Calculate Basic and Diluted Earnings Per Share

The table below presents the weighted-average number of shares of common stock used to calculate basic and diluted earnings per share:

 

 

 

Three Months Ended

March 31,

 

(in thousands)

 

2016

 

 

2015

 

Weighted-average number of shares of common stock for

   calculating basic earnings per share

 

 

23,862

 

 

 

26,091

 

Effect of potentially dilutive securities from

   equity-based compensation

 

 

49

 

 

 

185

 

Weighted-average number of shares of common stock for

   calculating diluted earnings per share

 

 

23,911

 

 

 

26,276

 

 

 

 

 

 

 

 

 

 

 

Securities Not Included in Computation of Diluted Earnings Per Share

 

The following securities were not included in the computation of diluted earnings per share as their effect would have been anti-dilutive:

 

 

 

Three Months Ended

March 31,

 

(in thousands)

 

2016

 

 

2015

 

Options to purchase shares of common stock

 

 

1,019

 

 

 

26

 

 

 

 

 

 

 

 

 

 

 

Summary of Share Repurchase Activities

The following table presents share repurchase activities during the three months ended March 31, 2016 and 2015.

 

 

 

Three Months Ended

March 31,

 

(in thousands, except share and per share amounts)

 

2016

 

 

2015

 

Number of shares repurchased

 

 

 

 

 

12,210

 

Aggregate purchase price

 

$

 

 

$

377

 

Average price per repurchased shares

 

$

 

 

$

30.91