Net Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Net Earnings Per Share

Net Earnings Per Share

The following table sets forth the reconciliation of the numerator and denominator utilized in the computation of basic and diluted earnings per share (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Numerator for earnings per share:
Net earnings for basic and diluted earnings per share	$	44,758	$	50,158	$	74,652	$	101,794
Denominator for earnings per share:
Weighted average number of common shares outstanding	141,574		142,085		141,255		143,350
Assumed exercises of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method	2,546		1,689		2,709		1,631
Weighted average diluted shares outstanding	144,120		143,774		143,964		144,981

The effect of stock-based compensation awards for the three and six months ended June 30, 2014, which aggregated 48,000 and 152,000 shares, respectively, and for the three and six months ended June 30, 2013, which aggregated 1,102,000 and 1,142,000 shares, respectively, have been excluded for purposes of calculating diluted earnings per share since their inclusion would have been anti-dilutive.