Earnings Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following table presents the calculation of basic and diluted earnings per common share from continuing operations:

	Three months ended September 30,					Nine months ended September 30,
	2016			2015		2016			2015
	(In thousands, except per share amounts)
Earnings per share — Basic:
Earnings from continuing operations	$	85,138		90,811		$	215,365		230,054
Less: Earnings allocated to unvested stock	(261		)	(266	)	(674		)	(654	)
Earnings from continuing operations available to common shareholders — Basic	$	84,877		90,545		$	214,691		229,400
Weighted average common shares outstanding — Basic	52,953			52,888		53,029			52,770
Earnings from continuing operations per common share — Basic	$	1.60		1.71		$	4.05		4.35
Earnings per share — Diluted:
Earnings from continuing operations	$	85,138		90,811		$	215,365		230,054
Less: Earnings allocated to unvested stock	(260		)	(265	)	(672		)	(649	)
Earnings from continuing operations available to common shareholders — Diluted	$	84,878		90,546		$	214,693		229,405
Weighted average common shares outstanding — Basic	52,953			52,888		53,029			52,770
Effect of dilutive equity awards	338			445		315			476
Weighted average common shares outstanding — Diluted	53,291			53,333		53,344			53,246
Earnings from continuing operations per common share — Diluted	$	1.59		1.70		$	4.02		4.31
Anti-dilutive equity awards not included above	653			352		836			300