Earnings Per Share (EPS)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share (EPS)

EARNINGS PER SHARE (EPS)

The following table presents the computation of our basic and diluted EPS attributable to our common stock:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share data)	2017		2016		2017		2016
Net income	$	39,951	$	12,282	$	68,688	$	23,859
Weighted average shares of common stock outstanding	69,030		70,729		68,771		70,625
Basic EPS	$	0.58	$	0.17	$	1.00	$	0.34
Net income	$	39,951	$	12,282	$	68,688	$	23,859
Weighted average shares of common stock	69,030		70,729		68,771		70,625
Dilutive effect of stock options and restricted stock units	2,137		1,591		2,331		1,397
Weighted average shares of common stock outstanding	71,167		72,320		71,102		72,022
Diluted EPS	$	0.56	$	0.17	$	0.97	$	0.33
Common stock equivalents excluded from income per diluted share because of their anti-dilutive effect	279		949		288		1,184