| Earnings per Share |
Earnings per Share
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, 2018 |
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Basic EPS |
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Net income |
$ |
57,868 |
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31,924,863 |
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$ |
1.81 |
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Less: Income allocated to unvested restricted stock |
359 |
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31,924,863 |
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0.01 |
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Basic EPS |
$ |
57,509 |
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31,924,863 |
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$ |
1.80 |
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Effect of dilutive securities - options and unvested restricted stock |
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126,470 |
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Diluted EPS |
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Net income |
$ |
57,868 |
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32,051,333 |
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$ |
1.80 |
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Less: Income allocated to unvested restricted stock |
359 |
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32,051,333 |
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0.01 |
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Diluted EPS |
$ |
57,509 |
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32,051,333 |
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$ |
1.79 |
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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 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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Income from continuing operations, net of taxes |
$ |
56,489 |
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31,899,582 |
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$ |
1.77 |
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Loss from discontinued operations, net of taxes |
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 and unvested restricted stock |
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149,122 |
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Diluted EPS |
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Income from continuing operations, net of taxes |
$ |
56,489 |
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32,048,704 |
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$ |
1.76 |
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Loss from discontinued operations, net of taxes |
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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(1) |
Per share amounts may not be able to be recalculated using net income and weighted-average shares presented above due to rounding. |
There were no anti-dilutive options and shares of unvested restricted stock outstanding for the years ended December 31, 2018 and 2017. For the year ended December 31, 2016, there was 74,389 options and shares of unvested restricted stock outstanding that were not included in the computation of diluted EPS because their effect would be anti-dilutive.
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