NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2015

NET INCOME PER SHARE

Schedule of calculation of basic and diluted earnings per common share

	Three Months Ended September 30,					Nine Months Ended September 30,
(in thousands, except for per share amounts)	2015			2014		2015			2014
Basic (loss) income per share
Net (loss) income	$	(11,785	)	$	6,454	$	(45,070	)	$	37,139
Denominator	60,320			58,568		59,961			58,077
Basic net (loss) income per share	$	(0.20	)	$	0.11	$	(0.75	)	$	0.64
Diluted net (loss) income per share
Numerator:
Net (loss) income	$	(11,785	)	$	6,454	$	(45,070	)	$	37,139
Add interest expense on convertible debt, net of tax	—			—		—			803
	$	(11,785	)	$	6,454	$	(45,070	)	$	37,942
Denominator:
Denominator for basic net (loss) income per share	60,320			58,568		59,961			58,077
Add effect of dilutive securities:
Stock options and equivalents				2,296					2,382
Convertible debt	—			—		—			1,379
Denominator for diluted net (loss) income per share	60,320			60,864		59,961			61,838
Diluted net (loss) income per share	$	(0.20	)	$	0.11	$	(0.75	)	$	0.61

Schedule of outstanding potential shares of common stock excluded from the computation of diluted net income as they would have been anti dilutive

	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands)	2015	2014	2015	2014
Convertible debt	17,931	4,093	17,931	—
Stock options and equivalents	3,876	1,933	3,519	1,451
Total potentially dilutive shares	21,807	6,026	21,450	1,451