Quarterly report pursuant to Section 13 or 15(d)

Income Per Share (Tables)

v3.8.0.1
Income Per Share (Tables)
9 Months Ended
Sep. 30, 2017
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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

 

2017

 

2016

 

2017

 

2016

Income from continuing operations

 

$

31,393

 

$

24,566

 

$

53,142

 

$

51,299

Net income - basic and diluted

 

$

31,393

 

$

24,566

 

$

53,142

 

$

51,299

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic

 

 

35,022,113

 

 

37,599,137

 

 

36,203,497

 

 

37,683,764

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of common stock equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

RSAs with service-based conditions

 

 

216,724

 

 

234,699

 

 

215,069

 

 

174,928

RSAs with market-based conditions

 

 

202,292

 

 

37,031

 

 

174,559

 

 

31,808

RSAs with performance-based conditions

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Stock options

 

 

296,500

 

 

81,466

 

 

249,019

 

 

52,040

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - diluted

 

 

35,737,629

 

 

37,952,333

 

 

36,842,144

 

 

37,942,540

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.90

 

$

0.65

 

$

1.47

 

$

1.36

Net income

 

$

0.90

 

$

0.65

 

$

1.47

 

$

1.36

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.88

 

$

0.65

 

$

1.44

 

$

1.35

Net income

 

$

0.88

 

$

0.65

 

$

1.44

 

$

1.35

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

 

2017

 

2016

 

2017

 

2016

Anti-dilutive common stock equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

RSAs with service-based conditions

 

 

 —

 

 

11,812

 

 

610

 

 

41,261

RSAs with market-based conditions

 

 

 —

 

 

 —

 

 

 —

 

 

8,431

RSAs with performance-based conditions

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Stock options

 

 

5,010

 

 

418,517

 

 

59,298

 

 

449,332

Total anti-dilutive common stock equivalents:

 

 

5,010

 

 

430,329

 

 

59,908

 

 

499,024