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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Reconciliation of the Numerator and Denominator of Basic and Diluted Earnings Per Share

The following is a reconciliation of the numerator and denominator of basic and diluted earnings per share for the three months ended March 31, 2019 and 2018:

 

(In thousands except per share data)

 

Three Months Ended

March 31,

 

 

 

 

2019

 

 

2018

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

4,214

 

 

$

21,336

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Shares used for basic income per share

 

 

42,745

 

 

 

39,783

 

 

Effect of dilutive stock options and

   restricted stock units outstanding:

 

 

 

 

 

 

 

 

 

Non-qualified stock options

 

 

127

 

 

 

312

 

 

Restricted stock awards

 

 

16

 

 

 

 

 

Restricted stock units

 

 

292

 

 

 

405

 

 

Performance stock units

 

 

3

 

 

 

 

 

Market stock units

 

 

 

 

 

533

 

 

Warrants related to Cash Convertible Notes

 

 

 

 

 

2,556

 

 

Shares used for diluted income per share

 

 

43,183

 

 

 

43,589

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.10

 

 

$

0.54

 

 

Diluted

 

$

0.10

 

 

$

0.49

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive securities outstanding not included in the

   computation of earnings per share

   because their effect is anti-dilutive:

 

 

 

 

 

 

 

 

 

Non-qualified stock options

 

 

80

 

 

 

 

 

Restricted stock units

 

 

56

 

 

 

14

 

 

 

(1)

Figures may not add due to rounding.