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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2014
Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

     Year ended December 31,  
     2014      2013      2012  

Net income

    $ 659,571       $ 652,800       $ 620,000   
  

 

 

     

 

 

     

 

 

  

Weighted average ordinary shares outstanding (in thousands)

   188,487      195,647      203,918   
  

 

 

     

 

 

     

 

 

  

Dilutive effect:

Employee stock options and RSUs (in thousands)

   3,813      3,840      5,252   
  

 

 

     

 

 

     

 

 

  

Diluted weighted average ordinary shares outstanding (in thousands)

   192,300      199,487      209,170   
  

 

 

     

 

 

     

 

 

  

Basic earnings per ordinary share

 $ 3.50    $ 3.34    $ 3.04   
  

 

 

     

 

 

     

 

 

  

Diluted earnings per ordinary share

 $ 3.43    $ 3.27    $ 2.96