EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

EARNINGS PER SHARE:

The following table reconciles income (numerator) and shares (denominator) used in our computations of basic and diluted earnings per share for the periods presented (in thousands):



	Three Months Ended March 31,
	2016			2015
Income (Numerator)
Net Income	$	25,629		$	24,836
Net (income) loss attributable to noncontrolling interests	(1,489		)	(554		)
Numerator for diluted earnings per common share available to common shareholders	$	24,140		$	24,282

Shares (Denominator)
Weighted-average common shares outstanding	94,701			95,131
Dilutive effect of stock-settled appreciation rights, restricted stock awards and outstanding stock options	913			640
Weighted-average common and common equivalent shares outstanding	95,614			95,771

There were 407,479 anti-dilutive shares for the three months ended March 31, 2016, and 325,000 anti-dilutive shares for the three months ended March 31, 2015.