EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options, unvested restricted stock and unvested RSUs. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per share of common stock as follows:

	Three Months Ended   March 31,
	2015		2014
Numerator for common earnings per share:
Net income	$	14,714	$	17,364
Numerator for basic and diluted earnings per share	$	14,714	$	17,364
Denominator for basic earnings per share:
Weighted average common shares outstanding	47,886		46,797
Effect of dilutive securities:
Stock options, RSUs and performance-based awards	3,114		2,410
Denominator for diluted earnings per share	51,000		49,207
Net income per share:
Basic	$	0.31	$	0.37
Diluted	$	0.29	$	0.35

During the three months ended March 31, 2015 and 2014, a total of 121 and 1,271 shares underlying equity-based awards, respectively, were outstanding but were not included in the computation of diluted earnings per share because the effect was anti-dilutive.