NET INCOME PER SHARE

Basic and diluted net income per share was as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(In thousands, except per share amounts)
Basic net income per share:
Net income	$	10,835	$	12,755	$	17,230	$	26,173
Weighted average common shares outstanding	76,213		74,392		75,487		74,074
Basic net income per common share	$	0.14	$	0.17	$	0.23	$	0.35

Diluted net income per share:
Net income	$	10,835	$	12,755	$	17,230	$	26,173

Weighted average common shares outstanding — Basic	76,213		74,392		75,487		74,074
Effect of dilutive securities:
2016 Convertible notes	—		2,285		—		1,796
Warrants	1,589		911		1,864		454
Stock options and restricted stock	1,161		1,122		1,352		1,218
Weighted average common shares for diluted earnings per share	78,963		78,710		78,703		77,542

Diluted net income per common share	$	0.14	$	0.16	$	0.22	$	0.34

Shares of common stock of approximately 0.2 million and 0.4 million at June 30, 2017 and 2016, respectively, that are issuable through the exercise of dilutive securities were not included in the computation of diluted net income per share because their effect would have been antidilutive.

For the three and six months ended June 30, 2017 and 2016 the potential excess conversion value on warrants was included in the Company's dilutive share calculation because the average stock price for the three and six months ended June 30, 2017 and 2016 exceeded the conversion price.

For the three and six months ended June 30, 2016 the potential excess conversion value on the 2016 Notes were included in the Company's dilutive share calculation because the average stock price for the three and six months ended June 30, 2016 exceeded the conversion price.

Restricted and performance units that entitle the holders to approximately 0.5 million shares of common stock are included in the basic and diluted weighted average shares outstanding calculation because no further consideration is due related to the issuance of the underlying common shares.