Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.7.0.1
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 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 102,984 and 407 shares underlying anti-dilutive awards for the three months ended June 30, 2017 and 2016, respectively, and there were approximately 72,951 and 1,116 shares underlying anti-dilutive awards for the six months ended June 30, 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 and six months ended June 30, 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 June 30, 2017
 

 
 

 
 

Net income, basic
$
17,956

 
43,693

 
$
0.41

Add: potentially dilutive common shares - stock awards
—

 
91

 
—

Diluted
$
17,956

 
43,784

 
$
0.41

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

Six months ended June 30, 2017
 
 
 
 
 
Net income, basic
$
37,080

 
43,674

 
$
0.85

Add: potentially dilutive common shares - stock awards
—

 
81

 
—

Diluted
$
37,080

 
43,755

 
$
0.85

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