Earnings per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings per Share

Note 2 — 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,
	2016		2015
Numerator:
Net income used for calculating basic and diluted earnings per common share	$	40,167	$	28,351
Denominator:
Weighted average number of common shares used in the calculation of basic earnings per share	82,451		86,539
Common stock equivalents associated with stock-based compensation plans (1)	1,013		1,234
Shares used in the calculation of diluted earnings per share	83,464		87,773
Basic earnings per share	$	0.49	$	0.33
Diluted earnings per share	$	0.48	$	0.32

(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 0.4 million in each of the periods presented.