EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings per share calculation

A summary of the earnings per share calculation is as follows:

	Three Months Ended
	March 31,
(In thousands, except per share amounts)	2021		2020
Basic earnings per share:
Net income	$	39,798	$	15,886
Weighted-average common shares		60,184		59,204
Basic earnings per share	$	0.66	$	0.27
Diluted earnings per share: (1)
Net income	$	39,798	$	15,886
Weighted-average common shares		60,184		59,204
Effect of dilutive awards:
Employee stock plans		1,267		1,064
Diluted weighted-average common shares		61,451		60,268
Diluted earnings per share	$	0.65	$	0.26

(1) The Company includes the shares underlying performance-based awards in the calculation of diluted earnings per share if the performance conditions have been satisfied as of the end of the reporting period and excludes such shares when the necessary conditions have not been met. The Company has excluded the shares underlying the outstanding performance-based awards in the 2021 and 2020 calculations as the shares were not contingently issuable as of the end of the reporting periods.