Earnings Per Share

6 Months Ended

Jun. 30, 2015

8. Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share computation:


	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
	(shares in thousands)				(shares in thousands)
Net income	$	24,172	$	10,602	$	36,234	$	40,806

Shares of common stock and common stock equivalents:
Weighted averages shares used in basic computation		135,895		131,533		134,990		131,235
Dilutive effect of stock options and unvested restricted stock		2,056		6,725		2,630		7,266

Weighted averages shares used in dilutive computation		137,951		138,258		137,620		138,501

Basic earnings per share	$	0.18	$	0.08	$	0.27	$	0.31
Dilutive earnings per share	$	0.18	$	0.08	$	0.26	$	0.29

Diluted earnings per share reflects the reduction in earnings per share assuming options or other contracts to issue common stock were exercised or converted into common stock under the treasury stock method. The dilutive effect of options to purchase shares of common stock and restricted shares were included in the diluted earnings per share in the three and six months ended June 30, 2015, and 2014, respectively. 84 and 585 restricted shares were determined to be anti-dilutive and were not included in the calculation of diluted earnings per share for the three months ended June 30, 2015 and 2014, respectively. 548 and 986 restricted shares were determined to be anti-dilutive and were not included in the calculation of diluted earnings per share for the six months ended June 30, 2015 and 2014, respectively.