EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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 September 30,				For the Nine Months Ended September 30,
	2016		2015		2016		2015
NUMERATOR
Basic:
Net income	$	55,340	$	50,676	$	159,230	$	173,256
Diluted:
Net income	$	55,340	$	50,676	$	159,230	$	173,256
DENOMINATOR
Basic:
Weighted average common shares outstanding		117,443		117,066		117,360		116,889
Diluted:
Weighted average common shares outstanding		117,443		117,066		117,360		116,889
Effect of dilutive securities:
Stock options		207		559		384		716
Restricted stock-based compensation		44		149		80		181
Weighted average shares and assumed conversions		117,694		117,774		117,824		117,786
BASIC EARNINGS PER SHARE	$	0.47	$	0.43	$	1.36	$	1.48
DILUTED EARNINGS PER SHARE	$	0.47	$	0.43	$	1.35	$	1.47