Earnings Per Share

9 Months Ended

Sep. 30, 2016

The following table sets forth the computation of basic and diluted earnings per share, for the periods indicated:



(In thousands, except per share amounts)	Quarter Ended				Nine Months Ended
(In thousands, except per share amounts)	September 30, 2016		September 30, 2015		September 30, 2016		September 30, 2015
Numerator:
Net income	$	16,065	$	12,546	$	36,370	$	39,742
Denominator:
Weighted-average shares outstanding - basic	17,996		18,430		17,990		18,511
Effect of dilutive shares	187		220		227		374
Weighted-average shares outstanding - diluted	18,183		18,650		18,217		18,885
Basic earnings per share	$	0.89	$	0.68	$	2.02	$	2.15
Diluted earnings per share	$	0.88	$	0.67	$	2.00	$	2.10

Certain potential options to purchase shares were excluded from the calculation of diluted weighted-average shares outstanding because the exercise price was greater than the average market price of our capital stock during the relevant reporting period. For the quarter ended September 30, 2016, 13,500 shares were excluded. For the quarter ended September 30, 2015, 14,000 shares were excluded.