EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):

	For the Years Ended December 31,
	2013			2012			2011
NUMERATOR
Basic:
Income from continuing operations	$	304,592		$	156,966		$	162,330
(Loss) income from discontinued operations, net of taxes		(3,757	)		(205	)		180
Net income	$	300,835		$	156,761		$	162,510
Diluted:
Income from continuing operations	$	304,592		$	156,966		$	162,330
(Loss) income from discontinued operations, net of taxes		(3,757	)		(205	)		180
Diluted net income	$	300,835		$	156,761		$	162,510
DENOMINATOR
Basic:
Weighted average common shares outstanding		109,617			99,545			104,736
Diluted:
Weighted average common shares outstanding		109,617			99,545			104,736
Effect of dilutive securities:
Stock options		1,279			864			603
Restricted stock-based compensation		354			214			196
Weighted average shares and assumed conversions		111,250			100,623			105,535
BASIC EARNINGS PER SHARE:
Income from continuing operations	$	2.77		$	1.58		$	1.55
(Loss) income from discontinued operations, net of taxes		(0.03	)		—			—
Net income	$	2.74		$	1.58		$	1.55
DILUTED EARNINGS PER SHARE:
Income from continuing operations	$	2.73		$	1.56		$	1.54
(Loss) income from discontinued operations, net of taxes		(0.03	)		—			—
Net income	$	2.70		$	1.56		$	1.54