THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Diluted net income (loss) per common share is based on the weighted-average number of common shares outstanding and potentially dilutive common shares outstanding and computed as follows:

	Three Months ended March 31,
	2017		2016
	(In thousands, except share and per share data)
Numerator:
Net income (loss)	$	15,950	$	(1,163	)
Denominator:
Weighted-average common shares, basic	23,133,370		22,708,699
Weighted-average common shares, diluted*	23,216,528		22,708,699
Net income per common share:
Basic:	$	0.69	$	(0.05	)
Diluted:	$	0.69	$	(0.05	)
The diluted earnings per common share included the effect of 572,501 stock options that are potentially dilutive to earnings per share for the three months ended March 31, 2017, since the exercise price of such options was less than the average market price during the period. There were no stock options that were potentially dilutive for the three months ended March 31, 2016, given the Company was in a net loss position.

Summary of Components Excluded from Computation of Diluted Net Loss Per Share

Potentially dilutive common shares from employee equity plans are determined by applying the treasury stock method to the assumed exercise of warrants and share options and were excluded from the computation of diluted net income (loss) per share because their inclusion would be anti-dilutive and consist of the following:

	March 31,
	2017	2016
Stock options	1,762,347	1,518,331
Restricted Stock Units	348,772	308,057
Total	2,111,119	1,826,388