Weighted Average Shares Outstanding and Net Incomer (Loss) Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Weighted Average Shares Outstanding and Net Income Per Share

The following table presents a reconciliation of the weighted average shares outstanding used in calculating basic and diluted net income per share as well as the calculation of basic and diluted net income per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2016		2015		2016		2015
Numerator (basic and diluted):
Net income allocated to common shareholders for basic calculation	$	37,105	$	30,759	$	40,047	$	31,812
Denominator:
Weighted average common shares outstanding, basic	39,599		39,378		39,539		39,317
Dilutive effect of common stock options and restricted stock units	714		519		666		546
Weighted average common shares outstanding, diluted	40,313		39,897		40,205		39,863
Net income per share, basic	$	0.94	$	0.78	$	1.01	$	0.81
Net income per share, diluted	$	0.92	$	0.77	$	1.00	$	0.80