EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

EARNINGS PER SHARE

11. 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 anti-dilutive in the periods presented, but could be dilutive in the future.

	Three Months Ended March 31,
(in thousands, except per share amounts)	2016		2015
Basic
Net income	$	9,005	$	5,935
Weighted-average common shares outstanding		76,375		76,401
Earnings per share, basic	$	0.12	$	0.08
Diluted
Net income	$	9,005	$	5,935
Weighted-average common shares outstanding, basic		76,375		76,401
Weighted-average effect of dilutive securities:
Stock options		1,444		1,510
RSUs		1,059		681
Effect of assumed exercise of stock options and RSUs		2,503		2,191
Weighted-average common shares outstanding, assuming dilution		78,878		78,592
Earnings per share, diluted	$	0.11	$	0.08
Outstanding options and RSUs excluded as impact would be anti-dilutive		492		60