EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 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 June 30,				For the Six Months Ended June 30,
	2016		2015		2016		2015
NUMERATOR
Basic:
Net income	$	57,583	$	65,303	$	103,890	$	122,580
Diluted:
Net income	$	57,583	$	65,303	$	103,890	$	122,580
DENOMINATOR
Basic:
Weighted average common shares outstanding		117,401		116,962		117,318		116,799
Diluted:
Weighted average common shares outstanding		117,401		116,962		117,318		116,799
Effect of dilutive securities:
Stock options		514		720		473		794
Restricted stock-based compensation		94		130		98		197
Weighted average shares and assumed conversions		118,009		117,812		117,889		117,790
BASIC EARNINGS PER SHARE	$	0.49	$	0.56	$	0.89	$	1.05
DILUTED EARNINGS PER SHARE	$	0.49	$	0.55	$	0.88	$	1.04