Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2016

The following table sets forth the calculation of basic and diluted earnings per share:


		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands, except per share data)			2016		2015		2016		2015
Net income		$	12,685	$	21,210	$	23,737	$	35,415

Denominator for basic earnings per share -
	weighted-average number of common
	shares outstanding during the period		49,323		52,180		49,586		52,321
Incremental common shares attributable to
	exercise of dilutive options		287		386		289		387
Incremental common shares attributable
	to outstanding restricted stock units		57		105		167		176
Denominator for diluted earnings per share			49,667		52,671		50,042		52,884

Basic earnings per share		$	0.26	$	0.41	$	0.48	$	0.68
Diluted earnings per share		$	0.26	$	0.40	$	0.47	$	0.67