EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Basic and Diluted Earnings Per Share

The calculation of the 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)	2018		2017		2018		2017
Basic
Net (loss)/income	$	(10,409)	$	3,702	$	1,791	$	56,665
Weighted-average common shares outstanding		78,635		77,313		78,436		77,039
(Loss)/earnings per share, basic	$	(0.13)	$	0.05	$	0.02	$	0.74
Diluted
Net (loss)/income	$	(10,409)	$	3,702	$	1,791	$	56,665
Weighted-average effect of dilutive securities:
Stock options		—		3,694		3,132		3,439
RSUs		—		1,938		1,679		1,934
Effect of dilutive securities		—		5,632		4,811		5,373
Weighted-average common shares outstanding, assuming dilution		78,635		82,945		83,247		82,412
(Loss)/earnings per share, diluted	$	(0.13)	$	0.04	$	0.02	$	0.69
Outstanding anti-dilutive stock options and RSUs(1)		6,500		237		242		276

⁽¹⁾  Certain outstanding stock options and RSUs were excluded from the computation of diluted earnings per share because they were anti-dilutive in the period presented. These awards may be dilutive in the future.