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Earnings Per Share
 12 Months Ended
Dec. 31, 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:
 
 
Years ended December 31,
 
 
2016
 
2015
 
2014
 
 
(In thousands, except per share amounts)
Earnings per share — Basic:
 
 
 
 
 
 
Earnings from continuing operations
 
$
264,640

 
305,989

 
220,225

Less: Distributed and undistributed earnings allocated to unvested stock
 
(840
)
 
(877
)
 
(858
)
Earnings from continuing operations available to common shareholders — Basic
 
$
263,800

 
305,112

 
219,367

 
 
 
 
 
 
 
Weighted average common shares outstanding— Basic
 
53,015

 
52,814

 
52,536

 
 
 
 
 
 
 
Earnings from continuing operations per common share — Basic
 
$
4.98

 
5.78

 
4.18

 
 
 
 
 
 
 
Earnings per share — Diluted:
 
 
 
 
 
 
Earnings from continuing operations
 
$
264,640

 
305,989

 
220,225

Less: Distributed and undistributed earnings allocated to unvested stock
 
(836
)
 
(872
)
 
(853
)
Earnings from continuing operations available to common shareholders — Diluted
 
$
263,804

 
305,117

 
219,372

 
 
 
 
 
 
 
Weighted average common shares outstanding— Basic
 
53,015

 
52,814

 
52,536

Effect of dilutive equity awards
 
346

 
446

 
500

Weighted average common shares outstanding— Diluted
 
53,361

 
53,260

 
53,036

 
 
 
 
 
 
 
Earnings from continuing operations per common share — Diluted
 
$
4.94

 
5.73

 
4.14

Anti-dilutive equity awards and market-based restrictive stock rights not included above
 
716

 
392

 
161