EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2014

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,
	2014		2013			2012
NUMERATOR
Basic:
Income from continuing operations	$	195,022	$	304,592		$	156,966
Loss from discontinued operations, net of taxes		—		(3,757	)		(205	)
Net income	$	195,022	$	300,835		$	156,761
Diluted:
Income from continuing operations	$	195,022	$	304,592		$	156,966
Loss from discontinued operations, net of taxes		—		(3,757	)		(205	)
Diluted net income	$	195,022	$	300,835		$	156,761
DENOMINATOR
Basic:
Weighted average common shares outstanding		116,109		109,617			99,545
Diluted:
Weighted average common shares outstanding		116,109		109,617			99,545
Effect of dilutive securities:
Stock options		895		1,279			864
Restricted stock-based compensation		308		354			214
Weighted average shares and assumed conversions		117,312		111,250			100,623
BASIC EARNINGS PER SHARE:
Income from continuing operations	$	1.68	$	2.77		$	1.58
Loss from discontinued operations, net of taxes		—		(0.03	)		—
Net income	$	1.68	$	2.74		$	1.58
DILUTED EARNINGS PER SHARE:
Income from continuing operations	$	1.66	$	2.73		$	1.56
Loss from discontinued operations, net of taxes		—		(0.03	)		—
Net income	$	1.66	$	2.70		$	1.56