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NET INCOME PER SHARE (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The calculation of basic and diluted net income per share is determined using net income applicable to common stockholders as the numerator and the number of shares included in the denominator as follows (in thousands, except per share amounts):
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
Basic net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income applicable to common stockholders
 
$
22,945
 
$
35,531
 
$
43,118
 
$
63,055
 
Weighted average common shares outstanding
 
 
59,902
 
 
64,834
 
 
60,022
 
 
64,936
 
Basic net income per share
 
$
0.38
 
$
0.55
 
$
0.72
 
$
0.97
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income applicable to common stockholders
 
$
22,945
 
$
35,531
 
$
43,118
 
$
63,055
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
59,902
 
 
64,834
 
 
60,022
 
 
64,936
 
Dilutive shares from assumed conversion of convertible senior notes
 
 
1,831
 
 
1,057
 
 
1,762
 
 
529
 
Dilutive stock options and restricted stock
 
 
1,474
 
 
1,224
 
 
1,519
 
 
1,205
 
Diluted weighted average common shares outstanding
 
 
63,207
 
 
67,115
 
 
63,303
 
 
66,670
 
Diluted net income per share
 
$
0.36
 
$
0.53
 
$
0.68
 
$
0.95