Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.19.1
Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share, Including Antidilutive Securities Excluded from Computation of Earnings Per Share

Basic and diluted earnings per share for the three months ended March 31, 2019 and 2018, respectively consisted of the following (in thousands, except per share data):

 

     Three Months Ended
March 31,		  
     2019      2018  

Numerator (Basic and Diluted):

      

Net income

    $ 15,638      $ 18,011  
  

 

 

     

 

 

  

Denominator:

      

Basic

      

Weighted average common shares issued and outstanding

      38,996        38,547  

Deduct: Unvested RSAs (1)

      (27 )       (31 ) 

Add: Fully vested DSUs (2)

      342        579  
  

 

 

     

 

 

  

Weighted Average Common Shares Outstanding

      39,311        39,095  
  

 

 

     

 

 

  

Basic earnings per common share

    $ 0.40      $ 0.46  
  

 

 

     

 

 

  

Diluted

      

Weighted Average Common Shares Outstanding from above

      39,311        39,095  

Add: Dilutive effect of RSUs, RSAs & ESPP

      204        155  
  

 

 

     

 

 

  

Weighted Average Common Shares Outstanding

      39,515        39,250  
  

 

 

     

 

 

  

Diluted earnings per common share

    $ 0.40      $ 0.46  
  

 

 

     

 

 

  

Antidilutive shares excluded from diluted earnings per common share (3)

      212        291  
  

 

 

     

 

 

  

 

(1)

RSAs were issued and outstanding to the non-employee directors and have a one-year or three-year vesting term subject to service requirements. See Note 12 – “Stock-Based Compensation Plans” for additional information.
(2)

Shares are included in weighted average common shares outstanding as the shares are fully vested but have not yet been delivered. See Note 12 – “Stock-Based Compensation Plans” for additional information.
(3)

Primarily pertaining to RSU grants to the Company’s employees and independent contractors.