EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2016

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 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 June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2016		2015		2016		2015
Basic
Net income	$	3,647	$	3,104	$	12,652	$	9,039
Weighted-average common shares outstanding		76,318		76,626		76,347		76,514
Earnings per share, basic	$	0.05	$	0.04	$	0.17	$	0.12
Diluted
Net income	$	3,647	$	3,104	$	12,652	$	9,039
Weighted-average common shares outstanding, basic		76,318		76,626		76,347		76,514
Weighted-average effect of dilutive securities:
Stock options		1,610		1,525		1,527		1,517
RSUs		1,041		799		1,050		740
Effect of assumed exercise of stock options and RSUs		2,651		2,324		2,577		2,257
Weighted-average common shares outstanding, assuming dilution		78,969		78,950		78,924		78,771
Earnings per share, diluted	$	0.05	$	0.04	$	0.16	$	0.11
Outstanding options and RSUs excluded as impact would be anti-dilutive		315		223		404		141