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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended March 31,
 
 
2014
 
2013
Numerator:
 
 

 
 

Net income
 
$
56,453

 
$
66,806

Denominator:
 
 

 
 

Basic weighted average shares outstanding
 
80,648

 
82,719

Effect of dilutive securities - Stock options and awards
 
968

 
1,067

Diluted weighted average shares outstanding
 
81,616

 
83,786

Basic earnings per share
 
$
0.70

 
$
0.81

Diluted earnings per share
 
$
0.69

 
$
0.80


For the three months ended March 31, 2014 and 2013, common shares subject to equity-based awards of 263,415 and 392,390, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.