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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings Per Share

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

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2016      2015      2016      2015  
     (shares in thousands)  

Net income

   $ 7,955       $ 23,288       $ 23,678       $ 59,522   
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares of common stock and common stock equivalents:

           

Weighted average common shares used in basic computation

     134,046         136,582         134,541         135,527   

Dilutive effect of common stock equivalents

     1,144         1,599         1,042         2,306   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average shares used in dilutive computation

     135,190         138,181         135,583         137,833   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per share

   $ 0.06       $ 0.17       $ 0.17       $ 0.44   

Diluted earnings per share

   $ 0.06       $ 0.17       $ 0.17       $ 0.43