EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of reconciliation of income (numerator) and shares (denominator) used in computation of diluted earnings per share

The following table reconciles income (numerator) and shares (denominator) used in our computations of basic and diluted earnings per share for the periods presented (in thousands):



	Three Months Ended March 31,
	2018			2017
Income (Numerator)
Net income	$	43,994		$	70,703
Net income attributable to noncontrolling interests	(871		)	(13,501		)
Numerator for basic and diluted earnings per common share available to common shareholders	$	43,123		$	57,202

Shares (Denominator)
Weighted-average common shares outstanding	101,899			92,630
Dilutive effect of stock-settled appreciation rights and outstanding stock options	1,018			1,062
Weighted-average common and common equivalent shares outstanding	102,917			93,692

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table shows the weighted-average stock-settled appreciation rights and outstanding stock options (in thousands) that are excluded from the calculation of diluted earnings per common share as the inclusion of such shares would be anti-dilutive:



	Three Months Ended March 31,
	2018	2017
Weighted-average stock-settled appreciation rights and outstanding stock options excluded	500	—