EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2019

A summary of the earnings per share calculation is as follows:



	Three Months Ended
(In thousands, except per share amounts)	March 31, 2019		March 31, 2018
Basic earnings per share:
Net income	$	7,233	$	14,200
Weighted-average common shares	28,951		29,799
Basic earnings per share	$	0.25	$	0.48
Diluted earnings per share:⁽¹⁾
Net income	$	7,233	$	14,200
Weighted-average common shares	28,951		29,799
Effect of dilutive awards:
Employee stock plans	495		753
Diluted weighted-average common shares	29,446		30,552
Diluted earnings per share	$	0.25	$	0.46

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(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 2019 and 2018 calculations as the shares were not contingently issuable as of the end of the reporting periods.