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EARNINGS PER SHARE (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Basic earnings per common share                      
Net earnings $ 119,341 $ 105,259 $ 91,743 $ 170,719 [1] $ 85,696 $ 122,681 $ 224,495 [2] $ 110,233 $ 487,063 $ 543,105 $ 438,616
Less: Distributed and undistributed earnings allocated to participating securities                 (5,571) (8,038) (6,592)
Net earnings allocable to common shares                 481,492 535,067 432,024
Basic weighted average common shares outstanding                 136,042,000 144,775,000 146,169,000
Basic earnings per common share (in dollars per share) $ 0.89 $ 0.79 $ 0.65 $ 1.21 [1] $ 0.60 $ 0.84 $ 1.51 [2] $ 0.74 $ 3.54 $ 3.70 $ 2.96
Diluted earnings per common share                      
Net earnings 119,341 105,259 91,743 170,719 [1] 85,696 122,681 224,495 [2] 110,233 487,063 543,105 438,616
Less: Distributed and undistributed earnings allocated to participating securities                 (5,545) (7,979) (6,564)
Net earnings allocable to common shares                 $ 481,518 $ 535,126 $ 432,052
Basic weighted average common shares outstanding                 136,042,000 144,775,000 146,169,000
Effect of dilutive options                 736,000 1,098,000 651,000
Diluted weighted average common shares outstanding                 136,778,000 145,873,000 146,820,000
Diluted earnings per common share (in dollars per share) $ 0.88 $ 0.78 $ 0.65 $ 1.20 [1] $ 0.60 $ 0.83 $ 1.50 [2] $ 0.73 $ 3.52 $ 3.67 $ 2.94
Basic earnings per share decrease after retro application of two class method                   $ 0.05 $ 0.04
Diluted earnings per share decrease after retro application of two class method                   $ 0.03 $ 0.03
Potential common stock equivalents excluded from computation of computation of diluted earnings per share (in shares)                 5,600,000 6,500,000 10,000,000
[1] During the quarter ended March 31, 2012, CMS announced which contract years are subject to the CMS RADV audits and other core areas of the audit methodology. As a result of these changes, the Company recorded a non-recurring pre-tax adjustment to earnings of $133.0 million during the first quarter of 2012. See Note A, Organization and Summary of Significant Accounting Policies, to the consolidated financial statements for additional information.
[2] On May 27, 2011, the court entered an order of final approval of a settlement and, accordingly, the Company recorded a non-recurring pre-tax adjustment that increased earnings of $159.3 million in the second quarter of 2011.