Quarterly report pursuant to Section 13 or 15(d)

Net Income per Share (Tables)

v3.8.0.1
Net Income per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net Income Per Share
The following table presents the calculation of basic and diluted net income per share:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net income
$
6,834

 
$
4,210

 
$
21,242

 
$
9,289

Denominator:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Weighted average common shares used in computing basic net income per share
79,838

 
76,823


79,045


76,615

Diluted:
 
 
 
 
 
 
 
Add weighted average effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock
2,922

 
1,301

 
3,006

 
910

Weighted average common shares used in computing diluted net income per share
82,760

 
78,124


82,051


77,525

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.09

 
$
0.05

 
$
0.27

 
$
0.12

Diluted
$
0.08

 
$
0.05

 
$
0.26

 
$
0.12