| 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
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(In thousands, except share and per share data) |
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 |
|
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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Net income |
$ |
53,823 |
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31,788,215 |
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$ |
1.69 |
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Less: Income allocated to unvested restricted stock |
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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Net income |
$ |
53,823 |
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|
31,876,820 |
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$ |
1.68 |
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Less: Income allocated to unvested restricted stock |
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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Year Ended December 31, 2014 |
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Basic EPS |
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Income from continuing operations, net of taxes |
$ |
50,205 |
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31,696,100 |
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$ |
1.58 |
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Loss from discontinued operations, net of taxes |
(444 |
) |
|
31,696,100 |
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(0.01 |
) |
Basic EPS |
$ |
49,761 |
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31,696,100 |
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$ |
1.57 |
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Effect of dilutive securities - options, warrants and unvested restricted stock |
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281,964 |
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Diluted EPS |
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Income from continuing operations, net of taxes |
$ |
50,205 |
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31,978,064 |
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$ |
1.57 |
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Loss from discontinued operations, net of taxes |
(444 |
) |
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31,978,064 |
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(0.01 |
) |
Diluted EPS |
$ |
49,761 |
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31,978,064 |
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$ |
1.56 |
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