EARNINGS PER SHARE ("EPS") (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Reconciliation of the Numerator and Denominator Used in Computing Basic and Diluted Per-share Computations

The following table reconciles the numerator and denominator used in computing our basic and diluted per-share computations for net income available to common stockholders for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
	2017			2016
	(in thousands, except share and per share amounts)
Numerator:
Net income from continuing operations	$	193,935		$	26,293
Net income attributable to noncontrolling interests	(5		)	(3		)
Redeemable preferred stock dividends	(31		)	—
Numerator for basic and diluted net income from continuing operations available to common stockholders	193,899			26,290
Net income from discontinued operations	—			690
Numerator for basic and diluted net income available to common stockholders	$	193,899		$	26,980
Denominator:
Basic weighted average shares outstanding	84,048			97,662
Effect of dilutive securities—contingently issuable shares and stock options	—			—
Diluted weighted average shares and common stock equivalents outstanding	84,048			97,662
Basic and diluted net income available to common stockholders per share:
Continuing operations	$	2.31		$	0.27
Discontinued operations	—			0.01
Net income	$	2.31		$	0.28