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Earnings Per Share
6 Months Ended
Jun. 30, 2018
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 June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
 
 
As Adjusted
 
 
 
As Adjusted
Numerator for basic and diluted earnings per share:
 
 
 
 
 
 
 
 
Net income
 
$
39,161

 
$
31,770

 
$
76,986

 
$
64,539

Denominator:
 
 

 
 

 


 


Weighted-average basic common shares outstanding
 
38,390

 
37,154

 
38,416

 
37,144

Assumed conversion of dilutive securities:
 
 
 
 
 

 

Stock options
 
1,834

 
2,047

 
1,834

 
2,067

Denominator for diluted earnings per share
   - Adjusted weighted-average shares
 
40,224

 
39,201

 
40,250

 
39,211

Earnings per common share:
 
 

 
 

 


 


Basic
 
$
1.02

 
$
0.86

 
$
2.00

 
$
1.74

Diluted
 
$
0.97

 
$
0.81

 
$
1.91

 
$
1.65


 
For the three and six months ended June 30, 2018, stock options representing the right to purchase common stock of approximately 742,000 and 926,000 shares were not included in the computation of diluted earnings per share because their inclusion would have had an anti-dilutive effect. For the three and six months ended June 30, 2017, stock options representing the right to purchase common stock of approximately 1,251,000 and 1,205,000 shares were not included in the computation of diluted earnings per share because their inclusion would have had an anti-dilutive effect.