Earnings Per Share

3 Months Ended

Mar. 31, 2014

Basic earnings per share is calculated by dividing income available to stockholders by the weighted-average number of common shares outstanding during each period. Diluted earnings per share is computed using the weighted-average number of common and dilutive common share equivalents outstanding during the period. Dilutive common share equivalents consist of shares issuable upon the exercise or settlement of stock awards (calculated using the treasury stock method) during the period they were outstanding.

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share information):



	Three Months Ended
	March 31,
	2014		2013
Numerator:
Net income	$	55,939	$	59,688
Denominator:
Denominator for basic earnings per share - weighted-average shares outstanding	183,997		186,658
Effect of dilutive employee stock awards	1,684		2,353
Denominator for diluted earnings per share - weighted-average shares outstanding	185,681		189,011
Basic earnings per share	$	0.30	$	0.32
Diluted earnings per share	$	0.30	$	0.32
Anti-dilutive weighted-average shares	4,564		3,928

- Definition

The entire disclosure for earnings per share.

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