NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2015

Calculation of Basic and Diluted Net Income Per Share

The calculation of basic and diluted net income per share is determined using net income applicable to common stockholders as the numerator and the number of shares included in the denominator as follows (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Basic net income per share:
Net income applicable to common stockholders	$	31,880	$	18,307	$	71,002	$	41,842
Undistributed earnings allocated to participating securities		-		(103)		-		(340)
Net income applicable to common stockholders excluding amounts applicable to participating securities	$	31,880	$	18,204	$	71,002	$	41,502
Weighted average common shares outstanding		66,524		68,976		67,608		68,862
Basic net income per share	$	0.48	$	0.26	$	1.05	$	0.60

Diluted net income per share:
Net income applicable to common stockholders	$	31,880	$	18,307	$	71,002	$	41,842
Undistributed earnings allocated to participating securities		-		(103)		-		(340)
Net income applicable to common stockholders excluding amounts applicable to participating securities	$	31,880	$	18,204	$	71,002	$	41,502

Weighted average common shares outstanding		66,524		68,976		67,608		68,862
Dilutive shares from assumed conversion of convertible senior notes		611		1,949		1,462		1,806
Dilutive stock options and restricted stock		907		994		1,019		855
Diluted weighted average common shares outstanding		68,042		71,919		70,089		71,523
Diluted net income per share	$	0.47	$	0.25	$	1.01	$	0.58