Net Income per Common Share

3 Months Ended

Mar. 31, 2018

3. Net Income per Common Share

Net income per common share (“EPS”) is calculated in accordance with the Earnings per Share topic of the Codification, which requires the presentation of basic and diluted EPS. Basic EPS is computed using the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, plus the dilutive effect of potential common shares.

For the purpose of computing diluted EPS, weighted average shares outstanding have been adjusted for common shares underlying 1.6 million options and 2.0 million restricted stock units (“RSUs”) for the three months ended March 31, 2018. Weighted average shares outstanding have been adjusted for common shares underlying 3.2 million options and 2.2 million RSUs for the three months ended March 31, 2017.

The table below presents a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS (in thousands):

	Three Months Ended March 31,
	2018		2017
Weighted average shares for basic EPS		114,090		111,964
Dilutive effect of options and RSUs		2,606		2,616
Weighted average shares for diluted EPS		116,696		114,580