Net Earnings Per Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Numerator for earnings per share:
Net earnings for basic and diluted earnings per share	$	52,857	$	46,486	$	127,509	$	148,280
Denominator for earnings per share:
Weighted average number of common shares outstanding	141,433		141,863		141,315		142,849
Assumed exercises of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method	1,980		2,368		2,441		1,982
Weighted average diluted shares outstanding	143,413		144,231		143,756		144,831

The effect of stock-based compensation awards for the three and nine months ended September 30, 2014, which aggregated 142,000 and 85,000 shares, respectively, and for the three and nine months ended September 30, 2013, which aggregated 136,000 and 478,000 shares, respectively, have been excluded for purposes of calculating diluted earnings per share since their inclusion would have been anti-dilutive.