Quarterly report pursuant to Section 13 or 15(d)

Income Per Share (Tables)

v3.19.1
Income Per Share (Tables)
3 Months Ended
Mar. 31, 2019
Income Per Share  
Schedule of basic and diluted income per share

Basic and diluted net income per share were computed as follows, in thousands, except share and per share amounts:

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

 

2019

 

2018

Net income - basic and diluted

 

$

37,983

 

$

26,388

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic

 

 

34,169,315

 

 

35,059,920

 

 

 

 

 

 

 

Dilutive effect of common stock equivalents:

 

 

 

 

 

 

RSAs with service-based conditions

 

 

92,081

 

 

183,123

RSAs with market-based conditions

 

 

180,032

 

 

229,722

RSAs with performance-based conditions

 

 

35,989

 

 

 —

Stock options

 

 

225,872

 

 

346,477

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - diluted

 

 

34,703,289

 

 

35,819,242

 

 

 

 

 

 

 

Basic income per common share

 

$

1.11

 

$

0.75

 

 

 

 

 

 

 

Diluted income per common share

 

$

1.09

 

$

0.74

 

Summary of shares excluded from the calculation of diluted income per share because their effect would have been anti-dilutive

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

 

2019

 

2018

Anti-dilutive common stock equivalents:

 

 

 

 

 

 

RSAs with service-based conditions

 

 

14,706

 

 

275

RSAs with market-based conditions

 

 

19,701

 

 

 —

RSAs with performance-based conditions

 

 

 —

 

 

 —

Stock options

 

 

123,688

 

 

35,205

Total anti-dilutive common stock equivalents

 

 

158,095

 

 

35,480