Net Earnings Per Share

3 Months Ended

Mar. 31, 2016

The following table sets forth the reconciliation of the numerator and denominator utilized in the computation of basic and diluted earnings per share (in thousands):



	Three Months Ended March 31,
	2016		2015
Numerator for earnings per share:
Net earnings for basic and diluted earnings per share	$	1,125	$	47,910

Denominator for earnings per share:
Weighted average number of common shares outstanding	137,496		139,768
Assumed exercises of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method	1,283		1,704
Weighted average diluted shares outstanding	138,779		141,472

The effect of outstanding stock-based compensation awards for the three months ended March 31, 2016, which in the aggregate consisted of 271,000 shares, and for the three months ended March 31, 2015, which in the aggregate consisted of 248,000 shares, respectively, have been excluded for purposes of calculating diluted earnings per share since their inclusion would have had an anti-dilutive effect.