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Earnings per Share
9 Months Ended
Sep. 30, 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 September 30,Nine Months Ended September 30,
 2025202420252024
Earnings from continuing operations$303,292 $312,896 $822,663 $1,161,585 
(Loss) earnings from discontinued operations, net(1,296)34,204 (10,782)99,558 
Net earnings$301,996 $347,100 $811,881 $1,261,143 
Basic earnings per common share:  
Earnings from continuing operations$2.21 $2.28 $5.99 $8.42 
(Loss) earnings from discontinued operations, net$(0.01)$0.25 $(0.08)$0.72 
Net earnings$2.20 $2.53 $5.92 $9.14 
Weighted average shares outstanding137,236,000 137,251,000 137,254,000 137,913,000 
Diluted earnings per common share:  
Earnings from continuing operations$2.20 $2.26 $5.96 $8.37 
(Loss) earnings from discontinued operations, net$(0.01)$0.25 $(0.08)$0.72 
Net earnings$2.19 $2.51 $5.88 $9.08 
Weighted average shares outstanding138,029,000 138,223,000 138,099,000 138,830,000 

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,
 2025202420252024
Weighted average shares outstanding - basic137,236,000 137,251,000 137,254,000 137,913,000 
Dilutive effect of assumed exercise of SARs and vesting of performance shares and RSUs793,000 972,000 845,000 917,000 
Weighted average shares outstanding - diluted138,029,000 138,223,000 138,099,000 138,830,000 

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 number of anti-dilutive potential common shares excluded from the calculation above were approximately 17,000 and 44,000 for the three months ended September 30, 2025 and 2024, respectively, and 40,000 and 63,000 for the nine months ended September 30, 2025 and 2024, respectively.