EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2016

The following table sets forth the computation of basic and diluted earnings per share:



	Year Ended December 31,
	2016		2015		2014
Numerator:
Net income	$	198,399	$	127,478	$	254,686
Denominator:
Basic weighted average shares outstanding	67,462		74,111		79,185
Effect of dilutive securities - Stock options and awards	694		743		911
Diluted weighted average shares outstanding	68,156		74,854		80,096
Basic earnings per share	$	2.94	$	1.72	$	3.22
Diluted earnings per share	$	2.91	$	1.70	$	3.18

For the years ended December 31, 2016, 2015 and 2014, common shares subject to equity-based awards of 774,502, 522,471 and 260,090, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.