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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2017
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,		  
     2017      2016  

NUMERATOR

      

Basic:

      

Net income

    $ 50,047      $ 46,307  
  

 

 

     

 

 

  

Diluted:

      

Net income

    $ 50,047      $ 46,307  
  

 

 

     

 

 

  

DENOMINATOR

      

Basic:

      

Weighted average common shares outstanding

      117,782        117,235  
  

 

 

     

 

 

  

Diluted:

      

Weighted average common shares outstanding

      117,782        117,235  

Effect of dilutive securities:

      

Stock options

      420        432  

Restricted stock-based awards

      57        102  
  

 

 

     

 

 

  

Weighted average shares and assumed conversions

      118,259        117,769  
  

 

 

     

 

 

  

BASIC EARNINGS PER SHARE

    $ 0.42      $ 0.39  
  

 

 

     

 

 

  

DILUTED EARNINGS PER SHARE

    $ 0.42      $ 0.39