EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2014

EARNINGS PER SHARE

Schedule of reconciliation of the numerators and denominators of the basic and diluted earnings per share

	For The				For The
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
	(Dollars In Thousands, Except Per Share Amounts)
Calculation of basic earnings per share:
Net income	$	118,909	$	93,061	$	310,525	$	274,551
Average shares issued and outstanding	79,095,917		78,521,996		78,860,218		78,396,347
Issuable under various deferred compensation plans	1,135,674		970,278		1,081,800		950,424
Weighted shares outstanding - basic	80,231,591		79,492,274		79,942,018		79,346,771
Per share:
Net income - basic	$	1.48	$	1.17	$	3.88	$	3.46
Calculation of diluted earnings per share:
Net income	$	118,909	$	93,061	$	310,525	$	274,551
Weighted shares outstanding - basic	80,231,591		79,492,274		79,942,018		79,346,771
Stock appreciation rights (“SARs”)(1)	72,223		409,964		342,203		433,174
Issuable under various other stock-based compensation plans	869,320		592,580		718,215		758,976
Restricted stock units	285,736		357,260		258,813		343,631
Weighted shares outstanding - diluted	81,458,870		80,852,078		81,261,249		80,882,552
Per share:
Net income - diluted	$	1.46	$	1.15	$	3.82	$	3.39

(1) Excludes 454,925 SARs as of September 30, 2013, respectively, that are antidilutive. In the event the average market price exceeds the  issue price of the SARs, such rights would be dilutive to the Company’s earnings per share and will be included in the Company’s calculation of the  diluted average shares outstanding, for applicable periods.