Net Income Per Share

6 Months Ended

Jun. 30, 2016

16)	Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Numerator:
Net income	$	9,210	$	33,220	$	26,773	$	67,006

Denominator:
Shares used in net income per common share – basic		53,461,000		53,384,000		53,348,000		53,299,000
Effect of dilutive securities:
Stock options, restricted stock, stock appreciation rights and employee stock purchase plan		345,000		205,000		337,000		260,000

Shares used in net income per common share – diluted		53,806,000		53,589,000		53,685,000		53,559,000

Net income per common share:
Basic	$	0.17	$	0.62	$	0.50	$	1.26
Diluted	$	0.17	$	0.62	$	0.50	$	1.25

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 diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding (using the treasury stock method) if securities containing potentially dilutive common shares (stock options, restricted stock units and stock appreciation rights) had been converted to such common shares, and if such assumed conversion is dilutive.