EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015

The following table sets forth the computation of basic and diluted earnings per share:



	Year Ended December 31,
	2015		2014		2013
Numerator:
Net income	$	127,478	$	254,686	$	293,780
Denominator:
Basic weighted average shares outstanding	74,111		79,185		81,978
Effect of dilutive securities - Stock options and awards	743		911		1,064
Diluted weighted average shares outstanding	74,854		80,096		83,042
Basic earnings per share	$	1.72	$	3.22	$	3.58
Diluted earnings per share	$	1.70	$	3.18	$	3.54

For the years ended December 31, 2015, 2014 and 2013, common shares subject to equity-based awards of 522,471, 260,090 and 45,850, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.