Earnings Per Share

9 Months Ended

Sep. 30, 2014

5.	EARNINGS PER SHARE

The following table sets forth the details of basic and diluted earnings per share (“EPS”):


	Three months ended September 30
In thousands, except per share	2014		2013
Net income	$	30,372	$	34,119

Weighted average common shares outstanding used in basic EPS		43,049		43,251
Common shares issuable upon exercise of dilutive stock options and PSAs / RSUs		792		1,077

Weighted average common shares outstanding and common share equivalents used in diluted EPS		43,841		44,328

Earnings per share
Basic	$	0.71	$	0.79
Diluted		0.69		0.77


	Nine months ended September 30
In thousands, except per share	2014		2013
Net income	$	49,689	$	50,681

Weighted average common shares outstanding used in basic EPS		43,233		43,118
Common shares issuable upon exercise of dilutive stock options and PSAs / RSUs		878		1,095

Weighted average common shares outstanding and common share equivalents used in diluted EPS		44,111		44,213


Earnings per share
Basic	$	1.15	$	1.18
Diluted		1.13		1.15

The following table sets forth potential common shares outstanding for stock options and restricted stock units that were not included in the computation of diluted EPS for the period indicated, because their effect would be anti-dilutive:


	September 30
	2014		2013
Three months ended		282		—
Nine months ended		282		—

- Definition

The entire disclosure for earnings per share.

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