Earnings Per Share

6 Months Ended

Jun. 30, 2016

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the periods presented (in thousands, except per share amounts):



	Three months ended June 30,				Six months ended June 30,
	2016		2015		2016		2015
Net income:
Net income from continuing operations	$	39,302	$	59,459	$	1,975	$	135,911
Net income from discontinued operations	5,409		—		11,625		—
Net income	$	44,711	$	59,459	$	13,600	$	135,911

Weighted-average shares used to calculate basic EPS	69,729		56,935		68,931		56,798
Effect of dilutive securities:
Employee equity awards	635		564		644		612
Weighted-average shares used to calculate diluted EPS	70,364		57,499		69,575		57,410
Basic EPS:
Continuing operations	$	0.56	$	1.04	$	0.03	$	2.39
Discontinued operations	0.08		—		0.17		—
Basic EPS	$	0.64	$	1.04	$	0.20	$	2.39
Diluted EPS:
Continuing operations	$	0.56	$	1.03	$	0.03	$	2.37
Discontinued operations	0.08		—		0.17		—
Diluted EPS	$	0.64	$	1.03	$	0.20	$	2.37

The following table sets forth weighted-average outstanding potential shares of common stock that are not included in the diluted earnings per share calculation above because to do so would be anti-dilutive for the periods indicated (in thousands):



	Three months ended June 30,		Six months ended June 30,
	2016	2015	2016	2015
Shares reserved for conversion of 4.75% convertible subordinated notes	1,627	1,958	1,795	1,950
Common stock related to employee equity awards	7	99	3	95
	1,634	2,057	1,798	2,045