Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.7.0.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2017
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 42,643 and 76,583 shares underlying anti-dilutive awards for the three months ended March 31, 2017 and 2016, 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 months ended March 31, 2017 and 2016 (in thousands except per share data):
 
 
Net Income Available to
Common Shareholders
(Numerator)
 
Weighted
Average
Common Shares
(Denominator)
 
Per Share
Amount
Three months ended March 31, 2017
 

 
 

 
 

Net income, basic
$
19,124

 
43,654

 
$
0.44

Add: potentially dilutive common shares - stock awards
—

 
72

 
—

Diluted
$
19,124

 
43,726

 
$
0.44

Three months ended March 31, 2016
 

 
 

 
 

Net income, basic
$
16,961

 
44,251

 
$
0.38

Add: potentially dilutive common shares - stock awards
—

 
76

 
—

Diluted
$
16,961

 
44,327

 
$
0.38