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Earnings per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
18. Earnings per Share

The following table sets forth a reconciliation of the information used in computing basic and diluted earnings per share:
 
Years Ended December 31,
 
2014
 
2013
 
2012
Earnings from continuing operations
$
778,140

 
$
797,527

 
$
650,075

(Loss) earnings from discontinued operations, net
(2,905
)
 
205,602

 
160,995

Net earnings
$
775,235


$
1,003,129

 
$
811,070

 
 
 
 
 
 
Basic earnings per common share:
 
 
 
 
 
Earnings from continuing operations
$
4.67

 
$
4.66

 
$
3.58

(Loss) earnings from discontinued operations, net
$
(0.02
)
 
$
1.20

 
$
0.89

Net earnings
$
4.65

 
$
5.86

 
$
4.47

 
 
 
 
 
 
Weighted average shares outstanding
166,692,000

 
171,271,000

 
181,551,000

 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
Earnings from continuing operations
$
4.61

 
$
4.60

 
$
3.53

(Loss) earnings from discontinued operations, net
$
(0.02
)
 
$
1.18

 
$
0.88

Net earnings
$
4.59

 
$
5.78

 
$
4.41

 
 
 
 
 
 
Weighted average shares outstanding
168,842,000

 
173,547,000

 
183,993,000


 
The following table is a reconciliation of the share amounts used in computing earnings per share:
 
Years Ended December 31,
 
2014
 
2013
 
2012
Weighted average shares outstanding - Basic
166,692,000

 
171,271,000

 
181,551,000

Dilutive effect of assumed exercise of employee stock options and SARs and vesting of performance shares and restricted shares
2,150,000

 
2,276,000

 
2,442,000

Weighted average shares outstanding - Diluted
168,842,000

 
173,547,000

 
183,993,000



Diluted per share amounts are computed using the weighted-average number of common shares and, if dilutive, potential common shares outstanding during the period.  Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and SARs, and vesting of performance shares and restricted shares, as determined using the treasury stock method.  For the year ended December 31, 2014 the weighted average number of anti-dilutive potential common shares excluded from the calculation above totaled 38,789. There were no anti-dilutive potential common shares excluded from the above calculation for the years ended December 31, 2013 and 2012.