Earnings per Share

6 Months Ended

Jun. 30, 2017

Earnings per Share

Net income is divided by the weighted average number of common shares outstanding during the period to calculate basic earnings per share. Diluted earnings per share is calculated to give effect to stock options and restricted share awards. The following table summarizes the dilutive effect of restricted shares and options to purchase common stock for the three and six months ended June 30, 2017 and 2016:



	Three months ended June 30,		Six months ended June 30,
	2017	2016	2017	2016
Weighted average common shares—basic	45,717,697	45,429,851	45,644,096	45,354,421
Dilutive effect of restricted share awards	162,153	215,881	222,996	251,035
Dilutive effect of stock options	42,566	80,616	48,595	85,126
Weighted average common shares—diluted	45,922,416	45,726,348	45,915,687	45,690,582