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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Details of Basic and Diluted Earnings Per Share (EPS)

The following table sets forth the details of basic and diluted earnings per share (“EPS”):

 

 

Three months ended

September 30

 

In thousands, except per share

2016

 

 

2015

 

Net income

$

19,601

 

 

$

13,504

 

Weighted average common shares

 

 

 

 

 

 

 

outstanding used in basic EPS

 

43,576

 

 

 

43,457

 

Common shares issuable upon

 

 

 

 

 

 

 

exercise of dilutive stock options

 

 

 

 

 

 

 

and PSAs / RSUs

 

557

 

 

 

408

 

Weighted average common shares

 

 

 

 

 

 

 

outstanding and common share

 

 

 

 

 

 

 

equivalents used in diluted EPS

 

44,133

 

 

 

43,865

 

Earnings per share

 

 

 

 

 

 

 

Basic

$

0.45

 

 

$

0.31

 

Diluted

 

0.44

 

 

 

0.31

 

 

 

Nine months ended

September 30

 

In thousands, except per share

2016

 

 

2015

 

Net income

$

37,734

 

 

$

30,277

 

Weighted average common shares

 

 

 

 

 

 

 

outstanding used in basic EPS

 

43,552

 

 

 

43,363

 

Common shares issuable upon

 

 

 

 

 

 

 

exercise of dilutive stock options

 

 

 

 

 

 

 

and PSAs / RSUs

 

507

 

 

 

586

 

Weighted average common shares

 

 

 

 

 

 

 

outstanding and common share

 

 

 

 

 

 

 

equivalents used in diluted EPS

 

44,059

 

 

 

43,949

 

Earnings per share

 

 

 

 

 

 

 

Basic

$

0.87

 

 

$

0.70

 

Diluted

 

0.86

 

 

 

0.69

 

 

Number of Potential Common Shares that have been Excluded from Computation of Diluted Earnings Per Share for Indicated Period Due to Their Anti-Dilutive Nature

The following table sets forth potential common shares outstanding that were not included in the computation of diluted EPS for the period indicated, because their effect would be anti-dilutive:

 

 

September 30

 

In thousands

2016

 

 

2015

 

Three months ended

 

681

 

 

 

696

 

Nine months ended

 

683

 

 

 

696