EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015		2014		2013
NUMERATOR
Basic:
Income from continuing operations	$	221,854	$	195,022	$	304,592
Loss from discontinued operations, net of taxes		—		—		(3,757	)
Net income	$	221,854	$	195,022	$	300,835
Diluted:
Income from continuing operations	$	221,854	$	195,022	$	304,592
Loss from discontinued operations, net of taxes		—		—		(3,757	)
Diluted net income	$	221,854	$	195,022	$	300,835
DENOMINATOR
Basic:
Weighted average common shares outstanding		116,949		116,109		109,617
Diluted:
Weighted average common shares outstanding		116,949		116,109		109,617
Effect of dilutive securities:
Stock options		631		895		1,279
Restricted stock-based compensation		205		308		354
Weighted average shares and assumed conversions		117,785		117,312		111,250
BASIC EARNINGS PER SHARE:
Income from continuing operations	$	1.90	$	1.68	$	2.77
Loss from discontinued operations, net of taxes		—		—		(0.03	)
Net income	$	1.90	$	1.68	$	2.74
DILUTED EARNINGS PER SHARE:
Income from continuing operations	$	1.88	$	1.66	$	2.73
Loss from discontinued operations, net of taxes		—		—		(0.03	)
Net income	$	1.88	$	1.66	$	2.70