Earnings Per Share

6 Months Ended

Jun. 30, 2020

The following is a reconciliation of net income per share:


	For the Three Months Ended June 30,						For the Six Months Ended Jun 30,
	2020		2019		2020		2019
(in thousands, except per share amounts)
Numerator for basic and diluted net income per share:
Net income/(loss) from continuing operations	$	59,005	$	(5,524)	$	92,811	$	(3,791)
(Loss)/income from discontinued operations, net of tax	—		(48)		13		(94)

Net income	$	59,005	$	(5,572)	$	92,824	$	(3,885)
Denominator:
Weighted-average shares for basic income/(loss) per share	79,403		80,473		79,216		80,326
Dilutive effect of stock options and RSUs	1,243		—		1,551		—
Weighted-average shares for diluted income/(loss) per share	80,646		80,473		80,767		80,326
Income/(loss) per share
Basic:
Net income/(loss) from continuing operations	$	0.74	$	(0.07)	$	1.17	$	(0.05)
(Loss)/income from discontinued operations, net of tax	—		—		—		—

Net income	$	0.74	$	(0.07)	$	1.17	$	(0.05)
Diluted:
Net income/(loss) from continuing operations	$	0.73	$	(0.07)	$	1.15	$	(0.05)
(Loss)/income from discontinued operations, net of tax	—		—		—		—

Net income	$	0.73	$	(0.07)	$	1.15	$	(0.05)

The dilutive effect of share-based compensation awards has been calculated using the treasury-stock method. For the three and six months ended June 30, 2020 an aggregate of 0.1 million of RSUs were excluded from the weighted-average diluted common shares outstanding due to their anti-dilutive effect. Given our net loss position for the three and six months ended June 30, 2019, basic and diluted shares are the same, as the assumed exercise of stock options and restricted stock are anti-dilutive.