Earnings Per Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table details the reconciliation of basic earnings per share to diluted earnings per share:

	Three Months ended March 31,
	2017		2016
Numerator for basic and diluted earnings per share:
Net income	$	32,306	$	18,224
Denominator:
Weighted-average basic common shares outstanding	36,845		36,549
Assumed conversion of dilutive securities:
Stock options	2,087		2,522
Denominator for diluted earnings per share    - Adjusted weighted-average shares	38,932		39,071
Earnings per common share:
Basic	$	0.88	$	0.50
Diluted	$	0.83	$	0.47

For the three months ended March 31, 2017, and March 31, 2016, stock options representing the right to purchase common stock of approximately 1,160,000 shares and 762,000 shares, respectively, were not included in the computation of diluted earnings per share because their inclusion would have had an anti-dilutive effect.