EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2016

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 Three Months Ended March 31,
	2016		2015
NUMERATOR
Basic:
Net income	$	46,307	$	57,277
Diluted:
Net income	$	46,307	$	57,277
DENOMINATOR
Basic:
Weighted average common shares outstanding		117,235		116,634
Diluted:
Weighted average common shares outstanding		117,235		116,634
Effect of dilutive securities:
Stock options		432		869
Restricted stock-based compensation		102		265
Weighted average shares and assumed conversions		117,769		117,768
BASIC EARNINGS PER SHARE	$	0.39	$	0.49
DILUTED EARNINGS PER SHARE	$	0.39	$	0.49