Earnings per Share

3 Months Ended

Mar. 31, 2025

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,
	2025		2024
Earnings from continuing operations	$	239,241	$	602,102
Earnings (loss) from discontinued operations, net	(8,420)		30,119
Net earnings	$	230,821	$	632,221
Basic earnings per common share:
Earnings from continuing operations	$	1.74	$	4.33
(Loss) earnings from discontinued operations, net	$	(0.06)	$	0.22
Net earnings	$	1.68	$	4.55
Weighted average shares outstanding	137,267,000		139,051,000
Diluted earnings per common share:
Earnings from continuing operations	$	1.73	$	4.30
(Loss) earnings from discontinued operations, net	$	(0.06)	$	0.22
Net earnings	$	1.67	$	4.52
Weighted average shares outstanding	138,260,000		139,869,000

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

	Three Months Ended March 31,
	2025	2024
Weighted average shares outstanding - basic	137,267,000	139,051,000
Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs	993,000	818,000
Weighted average shares outstanding - diluted	138,260,000	139,869,000

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 performance shares and RSUs, as determined using the treasury stock method.

The weighted average number of anti-dilutive potential common shares excluded from the calculation above were approximately 42,000 and 107,000 for the three months ended March 31, 2025 and 2024, respectively.