EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2014

EARNINGS PER SHARE

12.    EARNINGS PER SHARE

Basic earnings per share is computed using the weighted-average number of common shares outstanding during the applicable period. Diluted earnings per share is computed using the weighted-average number of common shares outstanding during the applicable period, plus the dilutive effect of outstanding options, RSUs, and warrants, using the treasury stock method and the average market price of the Company’s common stock during the applicable period. Certain shares related to some of the Company’s outstanding stock options and RSUs were excluded from the computation of diluted earnings per share because they were antidilutive in the periods presented, but could be dilutive in the future.

	Three Months Ended March 31,
(in thousands, except per share amounts)	2014		2013
Basic (1)
Net income	$	9,765	$	9,069
Weighted-average common shares outstanding		76,298		75,894
Earnings (loss) per share, basic	$	0.13	$	0.12
Diluted (1)
Net income	$	9,765	$	9,069
Weighted-average common shares outstanding, basic		76,298		75,894
Weighted-average effect of dilutive securities:
Stock options		1,926		1,308
RSUs		437		374
Effect of assumed exercise of stock options, warrants and RSUs		2,363		1,682
Weighted-average common shares outstanding, diluted		78,661		77,576
Earnings (loss) per share, diluted	$	0.12	$	0.12
Outstanding options and RSUs excluded as impact would be antidilutive		57		592

(1) The number of common shares and per share amounts have been retroactively restated for all prior periods presented to reflect the Company’s two-for-one common stock split effected in the form of a common stock dividend distributed on April 1, 2014