Earnings Per Share

9 Months Ended

Sep. 30, 2020

The following is a reconciliation of net income per share:


	For the Three Months Ended September 30,				For the Nine Months Ended Sep 30,
	2020		2019		2020		2019
(in thousands, except per share amounts)
Numerator for basic and diluted net income per share:
Net income from continuing operations	$	102,467	$	31,668	$	177,820	$	8,225
Income/(loss) from discontinued operations, net of tax	10,679		(8,485)		28,149		11,073

Net income	$	113,146	$	23,183	$	205,969	$	19,298
Denominator:
Weighted-average shares for basic income/(loss) per share	79,467		79,761		79,300		80,138
Dilutive effect of stock options and RSUs	1,935		1,153		1,836		1,067
Weighted-average shares for diluted income/(loss) per share	81,402		80,914		81,136		81,205
Income/(loss) per share
Basic:
Net income from continuing operations	$	1.29	$	0.40	$	2.24	$	0.10
Income/(loss) from discontinued operations, net of tax	0.13		(0.11)		0.35		0.14

Net income	$	1.42	$	0.29	$	2.59	$	0.24
Diluted:
Net income from continuing operations	$	1.26	$	0.39	$	2.19	$	0.10
Income/(loss) from discontinued operations, net of tax	0.13		(0.10)		0.35		0.14

Net income	$	1.39	$	0.29	$	2.54	$	0.24

The dilutive effect of share-based compensation awards has been calculated using the treasury-stock method. For both the three and nine months ended September 30, 2020 and 2019 an aggregate of less than 0.1 million of RSUs and PBRSUs were excluded from the weighted-average diluted common shares outstanding due to their anti-dilutive effect