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EARNINGS PER SHARE
6 Months Ended
Jun. 30, 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 June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 

 
 

 
 

 
 

Net income
$
61,352

 
$
31,317

 
$
117,196

 
$
84,955

Denominator (shares in 000's):
 

 
 

 
 

 
 

Basic weighted average shares outstanding
65,811

 
68,181

 
65,750

 
68,883

Effect of dilutive securities - Stock options and awards
932

 
709

 
916

 
686

Diluted weighted average shares outstanding
66,743

 
68,890

 
66,666

 
69,569

Basic earnings per share
$
0.93

 
$
0.46

 
$
1.78

 
$
1.23

Diluted earnings per share
$
0.92

 
$
0.45

 
$
1.76

 
$
1.22


For the three months ended June 30, 2017 and 2016, common shares subject to equity-based awards of 179,178 and 810,200, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the six months ended June 30, 2017 and 2016, common shares subject to equity-based awards of 133,748 and 750,209, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.