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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2017
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,
 
 
2017
 
2016
Numerator:
 
 

 
 

Net income
 
$
55,844

 
$
53,638

Denominator (shares in 000's):
 
 

 
 

Basic weighted average shares outstanding
 
65,688

 
69,585

Effect of dilutive securities - Stock options and awards
 
895

 
661

Diluted weighted average shares outstanding
 
66,583

 
70,246

Basic earnings per share
 
$
0.85

 
$
0.77

Diluted earnings per share
 
$
0.84

 
$
0.76


For the three months ended March 31, 2017 and 2016, common shares subject to equity-based awards of 88,220 and 776,600, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.