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Earnings Per Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

3.

EARNINGS PER SHARE

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

2017

 

 

 

2016

 

Net income

$

12,105

 

 

 

$

19,601

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding used in basic EPS

 

43,617

 

 

 

 

43,576

 

Common shares issuable upon

 

 

 

 

 

 

 

 

exercise of dilutive stock options

 

 

 

 

 

 

 

 

and PSAs / RSUs

 

565

 

 

 

 

557

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding and common share

 

 

 

 

 

 

 

 

equivalents used in diluted EPS

 

44,182

 

 

 

 

44,133

 

Earnings per share

 

 

 

 

 

 

 

 

Basic

$

0.28

 

 

 

$

0.45

 

Diluted

 

0.27

 

 

 

 

0.44

 

 

 

Nine months ended

September 30

 

In thousands, except per share

2017

 

 

 

2016

 

Net income

$

17,994

 

 

 

$

37,734

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding used in basic EPS

 

43,601

 

 

 

 

43,552

 

Common shares issuable upon

 

 

 

 

 

 

 

 

exercise of dilutive stock options

 

 

 

 

 

 

 

 

and PSAs / RSUs

 

809

 

 

 

 

507

 

Weighted average common shares

 

 

 

 

 

 

 

 

outstanding and common share

 

 

 

 

 

 

 

 

equivalents used in diluted EPS

 

44,410

 

 

 

 

44,059

 

Earnings per share

 

 

 

 

 

 

 

 

Basic

$

0.41

 

 

 

$

0.87

 

Diluted

 

0.41

 

 

 

 

0.86

 

 

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

2017

 

 

 

2016

 

Three months ended

 

967

 

 

 

 

681

 

Nine months ended

 

593

 

 

 

 

683