Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.5.0.2
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 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 approximately 407 and 53,625 shares underlying anti-dilutive awards for the three months ended June 30, 2016 and 2015, respectively, and there were approximately 1,116 and 56,151 shares underlying anti-dilutive awards for the six months ended June 30, 2016 and 2015, respectively. Anti-dilutive awards 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 three and six months ended June 30, 2016 and 2015 (in thousands except per share data):
 
 
Net Income Available to
Common Shareholders
(Numerator)
 
Weighted
Average
Common Shares
(Denominator)
 
Per Share
Amount
Three months ended June 30, 2016
 

 
 

 
 

Net income, basic
$
19,337

 
43,747

 
$
0.44

Add: potentially dilutive common shares - stock awards
—

 
77

 
—

Diluted
$
19,337

 
43,824

 
$
0.44

Three months ended June 30, 2015
 

 
 

 
 

Net income, basic
$
15,348

 
45,129

 
$
0.34

Add: potentially dilutive common shares - stock awards
—

 
81

 
—

Diluted
$
15,348

 
45,210

 
$
0.34

Six months ended June 30, 2016
 
 
 
 
 
Net income, basic
$
36,298

 
43,999

 
$
0.82

Add: potentially dilutive common shares - stock awards
—

 
77

 
—

Diluted
$
36,298

 
44,076

 
$
0.82

Six months ended June 30, 2015
 
 
 
 
 
Net income, basic
$
31,049

 
45,117

 
$
0.69

Add: potentially dilutive common shares - stock awards
—

 
82

 
—

Diluted
$
31,049

 
45,199

 
$
0.69