Earnings per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Earnings per Share

20. 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,
	2024		2023		2022
Earnings from continuing operations	$	1,399,968	$	943,864	$	989,912
Earnings from discontinued operations, net	1,297,158		112,964		75,464
Net earnings	$	2,697,126	$	1,056,828	$	1,065,376
Basic earnings per common share:
Earnings from continuing operations	$	10.16	$	6.75	$	6.94
Earnings from discontinued operations, net	$	9.42	$	0.81	$	0.53
Net earnings	$	19.58	$	7.56	$	7.47
Weighted average basic shares outstanding	137,735,000		139,848,000		142,681,000
Diluted earnings per common share:
Earnings from continuing operations	$	10.09	$	6.71	$	6.89
Earnings from discontinued operations, net	$	9.35	$	0.80	$	0.53
Net earnings	$	19.45	$	7.52	$	7.42
Weighted average shares outstanding	138,696,000		140,599,000		143,595,000

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

	Years Ended December 31,
	2024	2023	2022
Weighted average shares outstanding - Basic	137,735,000	139,848,000	142,681,000
Dilutive effect of assumed exercise of SARs and vesting of PSAs and RSUs	961,000	751,000	914,000
Weighted average shares outstanding - Diluted	138,696,000	140,599,000	143,595,000

Diluted earnings per share amounts are computed using the weighted average number of common shares outstanding and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of SARs and vesting of PSAs and RSUs, as determined using the treasury stock method. For the years ended December 31, 2024, 2023 and 2022, the weighted average number of anti-dilutive potential common shares excluded from the calculation above totaled 48,000, 48,000 and 21,173, respectively.