v3.7.0.1
Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Common Share
The calculation of basic and diluted EPS was as follows:
 
Three Months Ended March 31,
 
2017
 
2016
 
(In thousands, except per share data)
Basic earnings per Class A common share
 
 
 
Net income
$
40,754

 
$
32,882

Income attributable to preferred stock

 
(972
)
Net income allocated to Class A common stockholders
$
40,754

 
$
31,910

Weighted-average Class A shares issued and outstanding
50,458

 
49,863

Basic earnings per Class A common share
$
0.81

 
$
0.64

 
 
 
 
Diluted earnings per Class A common share
 
 
 
Net income allocated to Class A common stockholders
$
40,754

 
$
31,910

Re-allocated earnings

 
19

Diluted net income allocated to Class A common stockholders
$
40,754

 
$
31,929

Weighted-average Class A shares issued and outstanding
50,458

 
49,863

Dilutive potential common shares:
 
 
 
Stock options
603

 
343

Restricted stock units
1,417

 
630

Employee stock purchase plan
19

 
31

Diluted weighted-average Class A shares issued and outstanding
52,497

 
50,867

Diluted earnings per Class A common share
$
0.78

 
$
0.63

Antidilutive Shares
The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:
 
Three Months Ended March 31,
 
2017
 
2016
 
(In thousands)
Class A common stock
 
 
 
Options to purchase Class A common stock
55

 
326

Restricted stock units

 
8

Conversion of convertible preferred stock

 
1,519

Total options, restricted stock units and convertible preferred stock
55

 
1,853