EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

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



	Three Months Ended March 31,
	2016		2015
Numerator:
Net income	$	53,638	$	68,354
Denominator:
Basic weighted average shares outstanding (in 000's)	69,585		76,242
Effect of dilutive securities - Stock options and awards (in 000's)	661		817
Diluted weighted average shares outstanding (in 000's)	70,246		77,059
Basic earnings per share	$	0.77	$	0.90
Diluted earnings per share	$	0.76	$	0.89

For the three months ended March 31, 2016 and 2015, common shares subject to equity-based awards of 776,600 and 407,290, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.