EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015

NOTE 11:-

EARNINGS PER SHARE

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

	Year ended December 31,
	2013		2014		2015

Numerator for basic and diluted net earnings per share:

Net income	$	18,055	$	24,950	$	18,569

Weighted average shares outstanding, net of treasury stock:

Denominator for basic net earnings per share		44,760,197		45,308,554		45,895,321
Effect of dilutive securities:
Employee stock options		1,956,732		1,586,061		843,283

Denominator for diluted net earnings per share		46,716,929		46,894,615		46,738,604

Basic net earnings per share	$	0.40	$	0.55	$	0.40

Diluted net earnings per share	$	0.39	$	0.53	$	0.40