NET INCOME PER SHARE

6 Months Ended

Jun. 30, 2015

(14) NET INCOME PER SHARE

The following table sets forth the computation of basic and diluted shares for the periods indicated (in thousands):

				Three months ended June 30,		Six Months Ended June 30,
				2015	2014	2015	2014
Shares used in basic earnings per share calculation				48,325	49,351	48,347	49,696
	Effect of dilutive securities:
		Stock options		397	425	392	419
		Restricted stock units		321	335	358	421
		Performance-based restricted stock units		21	-	16	-
			Total effects of dilutive securities	739	760	766	840
Shares used in dilutive earnings per share calculation				49,064	50,111	49,113	50,536

For the three months ended June 30, 2015 and 2014, options to purchase 0.1 million and 0.1 million shares of common stock, respectively, were outstanding, but not included in the computation of diluted net income per share because the exercise price exceeded the value of the shares and the effect would have been anti–dilutive. For the six months ended June 30, 2015 and 2014, options to purchase 0.1 million and 0.1 million shares of common stock, respectively, were outstanding, but not included in the computation of diluted net income per share because the exercise price exceeded the value of the shares and the effect would have been anti–dilutive. For the three months ended June 30, 2015 and 2014, RSUs of 0.3 million and 0.1 million, respectively, were outstanding, but not included in the computation of diluted net income per share because the effect would have been anti-dilutive. For the six months ended June 30, 2015 and 2014, restricted stock units (“RSUs”) of 0.3 million and 0.1 million, respectively, were outstanding, but not included in the computation of diluted net income per share because the effect would have been anti-dilutive.