| Reconciliation of Components Used to Derive Basic and Diluted EPS |
The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:
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Net Income
(Numerator)
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Weighted-
Average
Shares
(Denominator)
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Per
Share
Amount
(1)
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(In thousands, except share and per share data) |
Year Ended December 31, 2017 |
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Basic EPS |
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Net income |
$ |
54,660 |
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32,071,585 |
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$ |
1.71 |
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Less: Income allocated to unvested restricted stock |
339 |
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32,071,585 |
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0.01 |
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Basic EPS |
$ |
54,321 |
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32,071,585 |
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$ |
1.70 |
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Effect of dilutive securities - options, warrants and unvested restricted stock |
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178,333 |
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Diluted EPS |
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Net income |
$ |
54,660 |
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32,249,918 |
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$ |
1.70 |
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Less: Income allocated to unvested restricted stock |
339 |
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32,249,918 |
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0.01 |
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Diluted EPS |
$ |
54,321 |
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32,249,918 |
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$ |
1.69 |
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Year Ended December 31, 2016 |
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Basic EPS |
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Net income |
$ |
56,489 |
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31,899,582 |
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$ |
1.77 |
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Less: Income allocated to unvested restricted stock |
457 |
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31,899,582 |
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0.01 |
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Basic EPS |
$ |
56,032 |
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31,899,582 |
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$ |
1.76 |
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Effect of dilutive securities - options, warrants and unvested restricted stock |
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149,122 |
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Diluted EPS |
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Net income |
$ |
56,489 |
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32,048,704 |
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$ |
1.76 |
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Less: Income allocated to unvested restricted stock |
457 |
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32,048,704 |
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0.01 |
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Diluted EPS |
$ |
56,032 |
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32,048,704 |
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$ |
1.75 |
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Year Ended December 31, 2015 |
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Basic EPS |
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Income from continuing operations, net of taxes |
$ |
53,823 |
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31,788,215 |
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$ |
1.69 |
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Loss from discontinued operations, net of taxes |
145 |
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31,788,215 |
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— |
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Basic EPS |
$ |
53,678 |
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31,788,215 |
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$ |
1.69 |
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Effect of dilutive securities - options, warrants and unvested restricted stock |
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88,605 |
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Diluted EPS |
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Income from continuing operations, net of taxes |
$ |
53,823 |
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31,876,820 |
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$ |
1.68 |
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Loss from discontinued operations, net of taxes |
145 |
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31,876,820 |
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— |
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Diluted EPS |
$ |
53,678 |
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31,876,820 |
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$ |
1.68 |
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(1) Per share amounts may not be able to be recalculated using net income and weighted-average shares presented above due to rounding.
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