EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2017

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. 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)	2017		2016
Basic
Net income	$	27,021	$	10,400
Weighted-average common shares outstanding		76,761		76,375
Earnings per share, basic	$	0.35	$	0.14
Diluted
Net income	$	27,021	$	10,400
Weighted-average common shares outstanding, basic		76,761		76,375
Weighted-average effect of dilutive securities:
Stock options		3,184		1,692
RSUs		1,930		1,168
Effect of assumed exercise of stock options and RSUs		5,114		2,860
Weighted-average common shares outstanding, assuming dilution		81,875		79,235
Earnings per share, diluted	$	0.33	$	0.13
Outstanding options and RSUs excluded as impact would be anti-dilutive		314		492