Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.6.0.2
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
 
Basic EPS is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of dilutive potential common shares outstanding attributable to stock awards.
 
There were 178 anti-dilutive stock options for the year ended December 31, 2016, compared to 79,315 and 169,670 shares for the years ended December 31, 2015 and 2014, respectively, which were excluded from the calculation of diluted EPS.

The following is a reconciliation of the denominators of the basic and diluted EPS computations for the years ended December 31, 2016, 2015, and 2014 (in thousands except per share data):
 
 
Net Income
(Numerator)
 
Weighted Average
Shares
(Denominator)
 
Per Share
Amount
For the Year Ended December 31, 2016
 

 
 

 
 

Basic EPS
$
77,476

 
43,784

 
$
1.77

Effect of dilutive stock awards
—

 
106

 
—

Diluted EPS
$
77,476

 
43,890

 
$
1.77

For the Year Ended December 31, 2015
 

 
 

 
 
Basic EPS
$
67,079

 
45,055

 
$
1.49

Effect of dilutive stock awards
—

 
84

 
—

Diluted EPS
$
67,079

 
45,139

 
$
1.49

For the Year Ended December 31, 2014
 

 
 

 
 
Basic EPS
$
52,164

 
46,036

 
$
1.13

Effect of dilutive stock awards
—

 
95

 
—

Diluted EPS
$
52,164

 
46,131

 
$
1.13