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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
 
Year Ended December 31,
 
2014
 
2013
 
2012
Numerator:
 
 
 
 
 
Net income
$
254,686

 
$
293,780

 
$
257,411

Denominator:
 
 
 
 
 
Basic weighted average shares outstanding
79,185

 
81,978

 
83,087

Effect of dilutive securities - Stock options and awards
911

 
1,064

 
1,088

Diluted weighted average shares outstanding
80,096

 
83,042

 
84,175

Basic earnings per share
$
3.22

 
$
3.58

 
$
3.10

Diluted earnings per share
$
3.18

 
$
3.54

 
$
3.06


For the years ended December 31, 2014, 2013 and 2012, common shares subject to equity-based awards of 260,090, 45,850 and 107,814, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.