Earnings Per Share

3 Months Ended

Mar. 31, 2017

Basic earnings per share ("EPS") is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding during the period. The computation of our diluted EPS is similar to the computation of our basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding (using the if-converted and treasury stock methods), if our outstanding stock options and restricted stock units had been converted to common shares, and if such assumed conversion is dilutive.

The following is a reconciliation of the weighted-average shares outstanding used in the calculation of basic and diluted EPS for the three months ended March 31, 2017 and 2016:



	Three Months Ended March 31,
	2017		2016
Income from continuing operations, net of income taxes	$	35,441	$	20,220

Basic weighted-average common shares outstanding	39,738		39,814
Assumed exercise of dilutive stock options and restricted stock units	441		286
Diluted weighted-average common shares outstanding	40,179		40,100
Continuing operations:
Basic earnings per share	$	0.89	$	0.51
Diluted earnings per share	$	0.88	$	0.50

The following stock options and restricted stock units were excluded in the computation of diluted earnings per share because they were anti-dilutive:

Stock Buyback

In September 2015 our Board of Directors authorized a program to repurchase up to $150.0 million of our stock over a thirty-month period. As of April 24, 2017, we have $100 million remaining for the repurchase of shares.

Three Months Ended March 31,

Stock options

Restricted stock units