Earnings Per Share

3 Months Ended

Mar. 31, 2016

8. Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share computation:


	Three Months Ended March 31,
	2016		2015
Net income	$	12,072	$	12,062

Shares of common stock and common stock equivalents:
Weighted average shares used in basic computation		137,599		134,075
Dilutive effect of common stock equivalents		825		3,236

Weighted average shares used in dilutive computation		138,424		137,311

Basic earnings per share	$	0.09	$	0.09
Diluted earnings per share	$	0.09	$	0.09

Diluted earnings per share reflects the reduction in earnings per share assuming options or other contracts to issue common stock were exercised or converted into common stock under the treasury stock method. The dilutive effect of common stock equivalents was included in the diluted earnings per share in the three months ended March 31, 2015. There were no anti-dilutive common stock equivalents included in the calculation of diluted earnings per share for the three months ended March 31, 2016. 696 common stock equivalents were determined to be anti-dilutive and were not included in the calculation of diluted earnings per share for the three months ended March 31, 2015.