Earnings Per Share

9 Months Ended

Sep. 30, 2016

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the periods presented (in thousands, except per share amounts):



	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Net income:
Net income from continuing operations	$	48,769	$	41,132	$	50,744	$	177,043
Net income from discontinued operations	2,681		—		14,306		—
Net income	$	51,450	$	41,132	$	65,050	$	177,043

Weighted-average shares used to calculate basic EPS	71,190		57,082		69,689		56,894
Effect of dilutive securities:
Employee equity awards	718		626		700		627
Weighted-average shares used to calculate diluted EPS	71,908		57,708		70,389		57,521
Basic EPS:
Continuing operations	$	0.69	$	0.72	$	0.73	$	3.11
Discontinued operations	0.04		—		0.21		—
Basic EPS	$	0.73	$	0.72	$	0.94	$	3.11
Diluted EPS:
Continuing operations	$	0.68	$	0.71	$	0.72	$	3.08
Discontinued operations	0.04		—		0.20		—
Diluted EPS	$	0.72	$	0.71	$	0.92	$	3.08

The following table sets forth weighted-average outstanding potential shares of common stock that are not included in the diluted earnings per share calculation above because to do so would be anti-dilutive for the periods indicated (in thousands):



	Three months ended September 30,		Nine months ended September 30,
	2016	2015	2016	2015
Shares reserved for conversion of 4.75% convertible subordinated notes	—	1,970	1,193	1,956
Common stock related to employee equity awards	22	201	17	117
	22	2,171	1,210	2,073