Earnings Per Share

9 Months Ended

Sep. 30, 2018

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,
	2018		2017		2018		2017
Net income	$	124,825	$	79,900	$	255,337	$	167,767
Weighted-average shares used to calculate basic EPS	79,872		78,055		79,533		76,283
Effect of dilutive securities:
Employee equity awards	411		664		423		665
Weighted-average shares used to calculate diluted EPS	80,283		78,719		79,956		76,948

Basic EPS	$	1.56	$	1.02	$	3.21	$	2.20
Diluted EPS	$	1.55	$	1.02	$	3.19	$	2.18

The Company has excluded common stock related to employee equity awards in the diluted EPS calculation above of 290,000 shares and 73,000 shares for the three months ended September 30, 2018 and 2017, respectively, and 248,000 shares and 88,000 shares for the nine months ended September 30, 2018 and 2017, respectively, because their effect would be anti-dilutive.