Earnings Per Share

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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 March 31,
	2018		2017
Net income	$	62,894	$	42,062
Weighted-average shares used to calculate basic EPS	79,241		72,773
Effect of dilutive securities:
Employee equity awards	408		594
Weighted-average shares used to calculate diluted EPS	79,649		73,367
Basic EPS	$	0.79	$	0.58
Diluted EPS	$	0.79	$	0.57

The Company has excluded 238,000 and 93,000 shares of common stock related to employee equity awards in the diluted EPS calculation above for the three months ended March 31, 2018 and 2017, respectively, because their effect would be anti-dilutive.