EARNINGS PER SHARE

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2016		2015		2016		2015
Basic
Net income	$	2,418	$	6,325	$	15,070	$	15,364
Weighted-average common shares outstanding		76,278		76,534		76,323		76,521
Earnings per share, basic	$	0.03	$	0.08	$	0.20	$	0.20
Diluted
Net income	$	2,418	$	6,325	$	15,070	$	15,364
Weighted-average common shares outstanding, basic		76,278		76,534		76,323		76,521
Weighted-average effect of dilutive securities:
Stock options		1,613		1,603		1,556		1,546
RSUs		1,191		1,037		1,097		839
Effect of assumed exercise of stock options and RSUs		2,804		2,640		2,653		2,385
Weighted-average common shares outstanding, assuming dilution		79,082		79,174		78,976		78,906
Earnings per share, diluted	$	0.03	$	0.08	$	0.19	$	0.19
Outstanding options and RSUs excluded as impact would be anti-dilutive		296		320		368		201