Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Computation of Basic and Diluted Earnings Per Share

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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net income:
Net income from continuing operations	$	79,900	$	48,769	$	167,767	$	50,744
Net income from discontinued operations	—		2,681		—		14,306
Net income	$	79,900	$	51,450	$	167,767	$	65,050
Weighted-average shares used to calculate basic EPS	78,055		71,190		76,283		69,689
Effect of dilutive securities:
Employee equity awards	664		718		665		700
Weighted-average shares used to calculate diluted EPS	78,719		71,908		76,948		70,389
Basic EPS:
Continuing operations	$	1.02	$	0.69	$	2.20	$	0.73
Discontinued operations	—		0.04		—		0.21
Basic EPS	$	1.02	$	0.73	$	2.20	$	0.94
Diluted EPS:
Continuing operations	$	1.02	$	0.68	$	2.18	$	0.72
Discontinued operations	—		0.04		—		0.20
Diluted EPS	$	1.02	$	0.72	$	2.18	$	0.92

Anti-dilutive Potential Shares of Common Stock Excluded from Computation of Earnings Per Share

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



	Three Months Ended September 30,		Nine Months Ended September 30,
	2017	2016	2017	2016
Shares reserved for conversion of 4.75% convertible subordinated notes	—	—	—	1,193
Common stock related to employee equity awards	73	22	88	17
Total	73	22	88	1,210