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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Shares Used in Calculating Basic and Diluted Earnings Per Share

A reconciliation of weighted average shares used in calculating basic and diluted earnings per share follows:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

(in thousands)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Basic

 

 

55,584

 

 

 

48,310

 

 

 

51,060

 

 

 

48,238

 

Effect of exercise of stock options

 

 

3

 

 

 

 

 

 

3

 

 

 

77

 

Effect of assumed vesting of restricted stock

 

 

1,768

 

 

 

 

 

 

1,739

 

 

 

1,388

 

Effect of convertible notes subject to conversion

 

 

 

 

 

 

 

 

 

 

 

783

 

Diluted

 

 

57,355

 

 

 

48,310

 

 

 

52,802

 

 

 

50,486