XML 39 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings per share calculation
A summary of the earnings per share calculation is as follows:    
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(In thousands, except per share amounts)
2016
 
2015
 
2016
 
2015
Basic earnings per share:
 
 
 
 
 
 
 
Net income
$
14,165

 
$
11,513

 
$
34,273

 
$
26,446

Weighted-average common shares
28,972

 
28,855

 
28,834

 
29,175

Basic earnings per share
$
0.49

 
$
0.40

 
$
1.19

 
$
0.91

Diluted earnings per share: (1)
 
 
 
 
 
 
 
Net income
$
14,165

 
$
11,513

 
$
34,273

 
$
26,446

Weighted-average common shares
28,972

 
28,855

 
28,834

 
29,175

Effect of dilutive awards:
 
 
 
 
 
 
 
Employee stock plans
653

 
443

 
646

 
681

Diluted weighted-average common shares
29,625

 
29,298

 
29,480

 
29,856

Diluted earnings per share
$
0.48

 
$
0.39

 
$
1.16

 
$
0.89

_______________
(1)
The Company includes the shares underlying performance-based awards in the calculation of diluted earnings per share if the performance conditions have been satisfied as of the end of the reporting period and excludes such shares when the necessary conditions have not been met. The Company has excluded the shares underlying the outstanding performance-based awards in the 2016 and 2015 calculations as the shares were not contingently issuable as of the end of the reporting periods.