EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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 September 30,					Nine Months Ended September 30,
(in thousands, except per share amounts)	2017			2016		2017		2016
Basic
Net (loss)/income	$	(1,812	)	$	3,301	$	36,615	$	18,237
Weighted-average common shares outstanding		77,691			76,278		77,258		76,323
(Loss)/earnings per share, basic	$	(0.03	)	$	0.04	$	0.47	$	0.24
Diluted
Net (loss)/income	$	(1,812	)	$	3,301	$	36,615	$	18,237
Weighted-average effect of dilutive securities:
Stock options		—			1,933		3,519		1,851
RSUs		—			1,337		1,940		1,227
Effect of assumed exercise of stock options and RSUs		—			3,270		5,459		3,078
Weighted-average common shares outstanding, assuming dilution		77,691			79,548		82,717		79,401
(Loss)/earnings per share, diluted	$	(0.03	)	$	0.04	$	0.44	$	0.23
Outstanding stock options and RSUs excluded as impact would be anti-dilutive		7,232			296		219		368