Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share

Earnings Per Share

Note I - Earnings Per Share

Basic earnings per share (EPS) is computed on the basis of the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and unvested shares. Reconciliations of basic and diluted EPS are as follows:

	Three Months Ended June 30,
In thousands, except per share amounts	2015			2014
Basic EPS
Net income/(loss)	$	(4,172	)	$	5,637
Weighted-average common shares outstanding used in earnings per share computations	61,843			62,734
Earnings/(loss) per common share	$	(0.07	)	$	0.09
Diluted EPS
Net income/(loss)	$	(4,172	)	$	5,637
Shares used in diluted earnings per share computations	61,843			62,987
Earnings/(loss) per common share	$	(0.07	)	$	0.09
Computation of Shares Used in Earnings Per Share Computations
Weighted-average common shares outstanding	61,843			62,734
Weighted-average common equivalent shares-dilutive effect of stock options and awards	—			253
Shares used in diluted earnings per share computations	61,843			62,987

We excluded 4.0 million of anti-dilutive market price options from the calculation of shares used in the diluted EPS calculation for the three months ended June 30, 2014. We also excluded 0.3 million anti-dilutive unvested shares have been excluded from the calculation of shares used in the diluted EPS calculation for the three month ended June 30, 2015 due to the current period net loss. No anti-dilutive market price options or unvested shares were excluded from the calculation of shares used in the diluted EPS calculation for the three months ended June 30, 2015.

	Six Months Ended June 30,
In thousands, except per share amounts	2015			2014
Basic EPS
Net income/(loss)	$	(2,558	)	$	7,482
Weighted-average common shares outstanding used in earnings per share computations	61,858			62,711
Earnings/(loss) per common share	$	(0.04	)	$	0.12
Diluted EPS
Net income/(loss)	$	(2,558	)	$	7,482
Shares used in diluted earnings per share computations	61,858			62,975
Earnings/(loss) per common share	$	(0.04	)	$	0.12
Computation of Shares Used in Earnings Per Share Computations
Weighted-average common shares outstanding	61,858			62,711
Weighted-average common equivalent shares-dilutive effect of stock options and awards	—			264
Shares used in diluted earnings per share computations	61,858			62,975

We excluded 3.8 million anti-dilutive market price options from the calculation of shares used in the diluted EPS calculation for the six months ended June 30, 2014. We also excluded 0.1 million anti-dilutive unvested shares from the calculation of shares used in the diluted EPS calculation for the six month ended June 30, 2014 due to the current period net loss. There were no anti-dilutive market price options or unvested shares excluded from the calculations of shares used in the diluted EPS calculation for the six months ended June 30, 2015.