EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2017

Summary of Basic and Diluted Earnings Per Share

The calculation of the Company’s basic and diluted earnings per share is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2017		2016		2017		2016
Basic
Net income	$	11,406	$	4,536	$	38,427	$	14,936
Weighted-average common shares outstanding		77,313		76,318		77,039		76,347
Earnings per share, basic	$	0.15	$	0.06	$	0.50	$	0.20
Diluted
Net income	$	11,406	$	4,536	$	38,427	$	14,936
Weighted-average effect of dilutive securities:
Stock options		3,694		1,924		3,439		1,808
RSUs		1,938		1,180		1,934		1,174
Effect of assumed exercise of stock options and RSUs		5,632		3,104		5,373		2,982
Weighted-average common shares outstanding, assuming dilution		82,945		79,422		82,412		79,329
Earnings per share, diluted	$	0.14	$	0.06	$	0.47	$	0.19
Outstanding stock options and RSUs excluded as impact would be anti-dilutive		237		315		276		404