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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 

 
 

 
 

 
 

Net income
$
106,126

 
$
60,049

 
$
223,322

 
$
145,004

Denominator (shares in 000's):
 

 
 

 
 

 
 

Basic weighted average shares outstanding
65,806

 
66,477

 
65,769

 
68,081

Effect of dilutive securities - Stock options and awards
896

 
705

 
910

 
703

Diluted weighted average shares outstanding
66,702

 
67,182

 
66,679

 
68,784

Basic earnings per share
$
1.61

 
$
0.90

 
$
3.40

 
$
2.13

Diluted earnings per share
$
1.59

 
$
0.89

 
$
3.35

 
$
2.11


For the three months ended September 30, 2017 and 2016, common shares subject to equity-based awards of 182,615 and 803,741, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the nine months ended September 30, 2017 and 2016, common shares subject to equity-based awards of 149,888 and 807,763, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.