Earnings per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

18. Earnings per Share

The following table sets forth a reconciliation of the information used in computing basic and diluted earnings per share:

	Three Months Ended March 31,
	2015		2014
Earnings from continuing operations	$	117,190	$	170,041
Earnings (loss) from discontinued operations, net	92,320		(9,903		)
Net earnings	$	209,510	$	160,138
Basic earnings (loss) per common share:
Earnings from continuing operations	$	0.72	$	1.00
Earnings (loss) from discontinued operations, net	$	0.57	$	(0.06	)
Net earnings	$	1.30	$	0.94
Weighted average shares outstanding	161,650,000		169,750,000
Diluted earnings (loss) per common share:
Earnings from continuing operations	$	0.72	$	0.99
Earnings (loss) from discontinued operations, net	$	0.57	$	(0.06	)
Net earnings	$	1.28	$	0.93
Weighted average shares outstanding	163,323,000		172,013,000

The following table is a reconciliation of the share amounts used in computing earnings per share:

	Three Months Ended March 31,
	2015	2014
Weighted average shares outstanding - Basic	161,650,000	169,750,000
Dilutive effect of assumed exercise of employee stock options and SARs and vesting of performance shares	1,673,000	2,263,000
Weighted average shares outstanding - Diluted	163,323,000	172,013,000

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.  

The weighted average number of anti-dilutive potential common shares excluded from the calculation above were 56,000 and 48,000 for the three months ended March 31, 2015 and 2014, respectively.