EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015

EARNINGS PER SHARE

17. 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 and RSUs, 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.

	Year Ended December 31,
(in thousands, except per share amounts)	2015		2014		2013
Basic
Net income	$	36,322	$	33,255	$	38,043
Weighted-average common shares outstanding		76,507		76,327		75,946
Earnings per share, basic	$	0.47	$	0.44	$	0.50
Diluted
Net income	$	36,322	$	33,255	$	38,043
Weighted-average common shares outstanding		76,507		76,327		75,946
Weighted-average effect of dilutive securities:
Stock options		1,601		1,698		1,626
RSUs		935		506		402
Effect of assumed exercise of stock options and RSUs		2,536		2,204		2,028
Weighted-average common shares outstanding, assuming dilution		79,043		78,531		77,974
Earnings per share, diluted	$	0.46	$	0.42	$	0.49
Outstanding options, warrants and RSUs excluded as impact would be antidilutive		182		98		226