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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2019
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,

 

 

 

2019

 

 

2018

 

 

2017

 

NUMERATOR

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

188,886

 

 

$

159,207

 

 

$

178,040

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

188,886

 

 

$

159,207

 

 

$

178,040

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

119,028

 

 

 

118,544

 

 

 

118,084

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

119,028

 

 

 

118,544

 

 

 

118,084

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

22

 

 

111

 

 

310

 

Restricted stock-based awards

 

114

 

 

61

 

 

71

 

Weighted average shares and assumed

   conversions

 

 

119,164

 

 

 

118,716

 

 

 

118,465

 

BASIC EARNINGS PER SHARE

 

$

1.59

 

 

$

1.34

 

 

$

1.51

 

DILUTED EARNINGS PER SHARE

 

$

1.59

 

 

$

1.34

 

 

$

1.50