Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Basic and diluted earnings per share during the three and nine months ended September 30, 2017 and 2016 are reconciled as follows (in thousands, except per share amounts):


	Three months ended September 30,				Nine months ended September 30,
	2017		2016		2017		2016
Basic net income per share:
Net income available to common shareholders	$	3,454	$	17,662	$	11,000	$	25,000

Weighted average common shares outstanding		46,348		46,794		46,442		46,983
Basic net income per share	$	0.07	$	0.38	$	0.24	$	0.53


Dilutive net income per share:
Net income available to common shareholders	$	3,454	$	17,662	$	11,000	$	25,000

Weighted average common shares outstanding		46,348		46,794		46,442		46,983
Dilutive stock options and non-vested restricted stock		589		827		660		808

Weighted average common shares outstanding for purposes of computing diluted net income per share		46,937		47,621		47,102		47,791

Dilutive net income per share	$	0.07	$	0.37	$	0.23	$	0.52

Summary of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

Potential shares of common stock that were not included in the determination of diluted net income per share for the periods presented because the impact of including them would have been anti-dilutive or performance conditions have not been met, consisted of the following (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2017		2016		2017		2016
RSUs		327		669		304		601
ESPP purchase rights		410		14		342		29

Total potential shares of common stock excluded from the computation of diluted earnings per share		737		683		646		630