Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Reconciliation of information used in computing basic and diluted 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 September 30,					Nine Months Ended September 30,
	2016		2015			2016		2015
Earnings from continuing operations	$	130,084	$	186,483		$	347,730	$	459,307
(Losses) earnings from discontinued operations, net	—		(385		)	—		268,697
Net earnings	$	130,084	$	186,098		$	347,730	$	728,004
Basic earnings per common share:
Earnings from continuing operations	$	0.84	$	1.20		$	2.24	$	2.90
Earnings from discontinued operations, net	$	—	$	—		$	—	$	1.70
Net earnings	$	0.84	$	1.20		$	2.24	$	4.59
Weighted average shares outstanding	155,300,000		155,300,000			155,182,000		158,507,000
Diluted earnings per common share:
Earnings from continuing operations	$	0.83	$	1.19		$	2.22	$	2.87
Earnings from discontinued operations, net	$	—	$	—		$	—	$	1.68
Net earnings	$	0.83	$	1.19		$	2.22	$	4.55
Weighted average shares outstanding	156,798,000		156,560,000			156,562,000		160,112,000

Reconciliation of share amounts used in computing earnings per share

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

	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Weighted average shares outstanding - Basic	155,300,000	155,300,000	155,182,000	158,507,000
Dilutive effect of assumed exercise of employee stock options and SARs and vesting of performance shares	1,498,000	1,260,000	1,380,000	1,605,000
Weighted average shares outstanding - Diluted	156,798,000	156,560,000	156,562,000	160,112,000