Quarterly report pursuant to Section 13 or 15(d)

Net Income per Share (Tables)

v3.10.0.1
Net Income per Share (Tables)
6 Months Ended
Jun. 30, 2018
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 June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net income
$
8,479

 
$
6,213

 
$
19,380

 
$
14,408

Denominator:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Weighted average common shares used in computing basic net income per share
85,124

 
79,018


83,156


78,642

Diluted:
 
 
 
 
 
 
 
Add weighted average effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock
2,474

 
2,907

 
2,310

 
3,002

Convertible Notes
2,116

 

 
1,720

 

Contingently issuable shares in connection with ClickPay acquisition
291

 

 
146

 

Weighted average common shares used in computing diluted net income per share
90,005

 
81,925


87,332


81,644

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.10

 
$
0.08

 
$
0.23

 
$
0.18

Diluted
$
0.09

 
$
0.08

 
$
0.22

 
$
0.18