Annual report pursuant to Section 13 and 15(d)

Income Per Share (Tables)

v3.10.0.1
Income Per Share (Tables)
12 Months Ended
Dec. 31, 2018
Income Per Share  
Schedule of basic and diluted income per share

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2018

 

2017

 

2016

Net income - basic and diluted

 

$

134,752

 

$

158,133

 

$

72,606

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic

 

 

34,921,318

 

 

35,897,641

 

 

37,585,777

 

 

 

 

 

 

 

 

 

 

Dilutive effect of common stock equivalents:

 

 

 

 

 

 

 

 

 

RSAs with service-based conditions

 

 

151,324

 

 

221,497

 

 

192,705

RSAs with market-based conditions

 

 

238,313

 

 

185,069

 

 

28,307

RSAs with performance-based conditions

 

 

20,432

 

 

 —

 

 

 —

Stock options

 

 

281,932

 

 

267,939

 

 

60,423

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - diluted

 

 

35,613,319

 

 

36,572,146

 

 

37,867,212

 

 

 

 

 

 

 

 

 

 

Basic income per common share

 

$

3.86

 

$

4.41

 

$

1.93

 

 

 

 

 

 

 

 

 

 

Diluted income per common share

 

$

3.78

 

$

4.32

 

$

1.92

 

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

The following table summarizes shares excluded from the calculation of diluted income per share because their effect would have been anti-dilutive:

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2018

 

2017

 

2016

Anti-dilutive common stock equivalents:

 

 

 

 

 

 

 

 

 

RSAs with service-based conditions

 

 

5,192

 

 

458

 

 

35,182

RSAs with market-based conditions

 

 

7,498

 

 

 —

 

 

6,323

RSAs with performance-based conditions

 

 

 —

 

 

 —

 

 

 —

Stock options

 

 

72,515

 

 

45,308

 

 

432,287

Total anti-dilutive common stock equivalents

 

 

85,205

 

 

45,766

 

 

473,792