EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2017

EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed based on the weighted-average number of shares of common stock outstanding. Diluted EPS is computed based on the weighted-average number of shares of common stock outstanding plus common stock equivalents assuming exercise of stock options, where dilutive. Stock-based awards of approximately 3.0 million and 2.4 million were outstanding during the three month periods ended March 31, 2017 and 2016, respectively, but were excluded from the calculation of diluted EPS for the periods then ended because the effect of the awards is anti-dilutive. The following is a calculation of basic and diluted earnings per share and weighted-average shares outstanding (in thousands, except per share amounts):



	Three Months Ended March 31,
	2017		2016
Net income	$	1,340	$	1,111

Weighted-average shares outstanding—basic	47,596		49,451
Add shares issuable from stock-based awards	540		1,009
Weighted-average shares outstanding—diluted	48,136		50,460

Basic earnings per share	$	0.03	$	0.02
Diluted earnings per share	$	0.03	$	0.02