Earnings Per Share

9 Months Ended

Sep. 30, 2015

The following table sets forth the computation of basic and diluted earnings per share, for the periods indicated:



(In thousands, except per share amounts)	Quarter Ended				Nine Months Ended
(In thousands, except per share amounts)	September 30, 2015		September 30, 2014		September 30, 2015		September 30, 2014
Numerator:
Net income	$	12,455	$	20,388	$	39,621	$	45,870
Denominator:
Weighted-average shares outstanding - basic	18,430		18,259		18,511		18,123
Effect of dilutive shares	220		475		374		534
Weighted-average shares outstanding - diluted	18,650		18,734		18,885		18,657
Basic earnings per share:	$	0.68	$	1.12	$	2.14	$	2.53
Diluted earnings per share:	$	0.67	$	1.09	$	2.10	$	2.46

Certain potential ordinary dilutive shares were excluded from the calculation of diluted weighted-average shares outstanding because they would have had an anti-dilutive effect on net income per share. For the quarter and nine months ended September 30, 2015, 14,000 shares were excluded. For the quarter and nine months ended September 30, 2014, 22,350 shares were excluded.