Earnings/(Loss) Per Share

12 Months Ended

Dec. 31, 2020

The following is a reconciliation of net income per share for the years ended December 31, 2020, 2019 and 2018, using the treasury-stock method:


(in thousands, except per share amounts)	2020		2019		2018
Numerator for basic and diluted net income/(loss) per share:
Net income from continuing operations	$	264,250	$	33,770	$	74,010
Income from discontinued operations, net of tax	34,363		15,610		47,854
Gain from sale of discontinued operations, net of tax	2,742		—		—
Net income	$	301,355	$	49,380	$	121,864
Denominator:
Weighted-average shares for basic income per share	78,542		79,885		80,854
Dilutive effect of stock options and RSUs	1,953		1,136		1,421
Weighted-average shares for diluted income per share	80,495		81,021		82,275
Income/(loss) per share
Basic:
Net income from continuing operations	$	3.36	$	0.42	$	0.92
Income from discontinued operations, net of tax	0.44		0.20		0.59
Gain from sale of discontinued operations, net of tax	0.03		—		—
Net income	$	3.83	$	0.62	$	1.51
Diluted:
Net income from continuing operations	$	3.28	$	0.42	$	0.90
Income from discontinued operations, net of tax	0.43		0.19		0.58
Gain from sale of discontinued operations, net of tax	0.03		—		—
Net income	$	3.74	$	0.61	$	1.48

For the year ended December 31, 2020, an aggregate of less than $0.1 million RSUs and PBRSUs were excluded from the weighted-average diluted common shares outstanding due to their anti-dilutive effect. For the years ended December 31, 2019 and 2018, an aggregate of less than $0.1 million RSUs, PBRSUs, and stock options were excluded from the weighted-average diluted common shares outstanding for both periods due to their anti-dilutive effect.