EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2018

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



	Year Ended December 31,
	2018		2017		2016
Numerator:
Net income	$	287,066	$	247,503	$	198,399
Denominator:
Basic weighted average shares outstanding	64,886		65,739		67,462
Effect of dilutive securities - Stock options and awards	796		904		694
Diluted weighted average shares outstanding	65,682		66,643		68,156
Basic earnings per share	$	4.42	$	3.76	$	2.94
Diluted earnings per share	$	4.37	$	3.71	$	2.91

For the years ended December 31, 2018, 2017 and 2016, common shares subject to equity-based awards of 324,688, 157,033 and 774,502, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.