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Earnings Per Share
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
The following is a reconciliation of net income per share:
 
For the Three Months Ended
 
March 31,
 
2018
 
2017
(in thousands, except per share amounts)
 
 
 
Numerator for basic and diluted net income per share:
 
 
 
Net income from continuing operations
$
28,362

 
$
12,708

(Loss)/income from discontinued operations, net of tax
(75
)
 
2,417

Gain from sale of discontinued operations, net of tax

 
313

Net income
$
28,287

 
$
15,438

Denominator:
 

 
 

Weighted-average shares for basic income per share
81,254

 
84,432

Dilutive effect of stock options and restricted stock units
1,566

 
1,909

Weighted-average shares for diluted income per share
82,820

 
86,341

Income per share
 

 
 

Basic:
 

 
 

Net income from continuing operations
$
0.35

 
$
0.15

(Loss)/income from discontinued operations, net of tax

 
0.03

Gain from sale of discontinued operations, net of tax



Net income
$
0.35

 
$
0.18

Diluted:
 

 
 
Net income from continuing operations
$
0.34

 
$
0.15

(Loss)/income from discontinued operations, net of tax

 
0.03

Gain from sale of discontinued operations, net of tax



Net income
$
0.34

 
$
0.18



The dilutive effect of share-based compensation awards has been calculated using the treasury-stock method. For the three months ended March 31, 2018 and 2017, an aggregate of less than 0.1 million RSUs and an aggregate of less than 0.1 million of RSUs and PBRSUs, respectively, were excluded from the weighted-average diluted common shares outstanding due to their anti-dilutive effect.