Earnings per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table sets forth the calculations of basic and diluted earnings per share (in thousands, except per share data):

	Three Months Ended
	March 31,
	2015		2014
Numerator:
Net income used for calculating basic and diluted earnings per common share	$	28,351	$	37,736
Denominator:
Weighted average number of common shares used in the calculation of basic earnings per share	86,539		91,669
Common stock equivalents associated with stock-based compensation plans (1)	1,234		1,540
Shares used in the calculation of diluted earnings per share	87,773		93,209
Basic earnings per share	$	0.33	$	0.41
Diluted earnings per share	$	0.32	$	0.40

(1) Certain common stock equivalents were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive. These common share equivalents totaled less than 0.2 million in each of the periods presented.