EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015


	EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing the net income applicable to common stockholders for the period by the weighted average number of shares of common stock outstanding during the same 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:



	For the Years Ended December 31,
	2015		2014		2013
Numerator for common earnings per share:
Net income	$	84,456	$	69,641	$	61,994
Numerator for basic and diluted earnings per share	$	84,456	$	69,641	$	61,994

Denominator for basic earnings per share:
Weighted average common shares outstanding	48,721		47,189		45,754
Effect of dilutive securities:
Stock options, RSUs and performance-based awards	3,265		2,545		2,604
Denominator for diluted earnings per share	51,986		49,734		48,358

Net income per share:
Basic	$	1.73	$	1.48	$	1.35
Diluted	$	1.62	$	1.40	$	1.28

For the years ended December 31, 2015, 2014 and 2013 a total of 1,637, 2,260 and 1,080 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.