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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

(in thousands, except per share amounts)

2014

 

2013

 

2012

Income from continuing operations

$
179,130 

 

$
172,907 

 

$
145,296 

Loss from discontinued operations, net of tax

 
(3,063)

 

 
(10,894)

 

 
(6,723)

Net income

$
176,067 

 

$
162,013 

 

$
138,573 

Shares for basic and diluted calculation:

 

 

 

 

 

 

 

 

Average shares used in basic computation

 
66,472 

 

 
63,568 

 

 
53,563 

Dilutive effect of stock options and units

 
9,904 

 

 
9,936 

 

 
9,374 

Average shares used in diluted computation:

 
76,376 

 

 
73,504 

 

 
62,937 

 

 

 

 

 

 

 

 

 

Earnings per basic common share

 

 

 

 

 

 

 

 

Income from continuing operations

$
2.69 

 

$
2.72 

 

$
2.71 

Loss from discontinued operations

 
(0.04)

 

 
(0.17)

 

 
(0.12)

Earnings per basic common share

$
2.65 

 

$
2.55 

 

$
2.59 

 

 

 

 

 

 

 

 

 

Earnings per diluted common share

 

 

 

 

 

 

 

 

Income from continuing operations

$
2.35 

 

$
2.35 

 

$
2.31 

Loss from discontinued operations

 
(0.04)

 

 
(0.15)

 

 
(0.11)

Earnings per diluted common share

$
2.31 

 

$
2.20 

 

$
2.20 

(1)Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Diluted earnings per share include stock options and units.