XML 27 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 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 September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Numerator:
 

 
 

 
 

 
 

Net income
$
45,689

 
$
66,044

 
$
179,474

 
$
205,456

Denominator:
 

 
 

 
 

 
 

Basic weighted average shares outstanding
78,817

 
81,644

 
79,779

 
82,260

Effect of dilutive securities - Stock options and awards
908

 
1,063

 
923

 
1,054

Diluted weighted average shares outstanding
79,725

 
82,707

 
80,702

 
83,314

Basic earnings per share
$
0.58

 
$
0.81

 
$
2.25

 
$
2.50

Diluted earnings per share
$
0.57

 
$
0.80

 
$
2.22

 
$
2.47


For the three months ended September 30, 2014 and 2013, common shares subject to equity-based awards of 259,336 and 44,026, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the nine months ended September 30, 2014 and 2013, common shares subject to equity-based awards of 260,964 and 420,584, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.