Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share

Schedule of basic and diluted net income per share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Net income	$	20,616	$	22,411	$	67,506	$	64,449
Less net income allocated to participating securities:
Non-forfeitable dividends on participating securities		(80)		(85)		(269)		(284)
Income allocated to participating securities		—		(5)		(12)		(12)
Total net income allocated to participating securities		(80)		(90)		(281)		(296)
Net income available to common stockholders		20,536		22,321		67,225		64,153
Effect of dilutive securities:
Participating securities		80		90		281		296
Net income for diluted net income per share	$	20,616	$	22,411	$	67,506	$	64,449
Shares for basic net income per share		39,428		39,057		39,403		38,161
Effect of dilutive securities:
Stock options		9		13		11		13
Performance-based stock units		170		108		170		108
Participating securities		141		157		154		173
Total effect of dilutive securities		320		278		335		294
Shares for diluted net income per share		39,748		39,335		39,738		38,455
Basic net income per share	$	0.52	$	0.57	$	1.71	$	1.68
Diluted net income per share	$	0.52	$	0.57	$	1.70	$	1.68