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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted EPS

The computation of basic and diluted EPS is as follows (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

Net income

 

$

24,057

 

 

$

10,151

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares outstanding—basic

 

 

45,501

 

 

 

43,906

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Options to purchase common stock

 

 

2,447

 

 

 

2,952

 

Employee stock purchase plan shares

 

 

116

 

 

 

122

 

Restricted stock

 

 

249

 

 

 

334

 

Weighted-average shares outstanding—diluted

 

 

48,313

 

 

 

47,314

 

Basic EPS

 

$

0.53

 

 

$

0.23

 

Diluted EPS

 

$

0.50

 

 

$

0.21

 

Anti-dilutive equity awards under stock-based award plans

   excluded from the determination of diluted EPS

 

 

388

 

 

 

818