Earnings Per Share

12 Months Ended

Dec. 31, 2018

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,
	2018			2017		2016
	(In thousands, except per share amounts)
Earnings per share — Basic:
Earnings from continuing operations	$	275,607		792,289		265,232
Less: Distributed and undistributed earnings allocated to unvested stock	(998		)	(2,853	)	(842	)
Earnings from continuing operations available to common shareholders — Basic	$	274,609		789,436		264,390
Weighted average common shares outstanding— Basic	52,390			52,613		53,015
Earnings from continuing operations per common share — Basic	$	5.24		15.00		4.99
Earnings per share — Diluted:
Earnings from continuing operations	$	275,607		792,289		265,232
Less: Distributed and undistributed earnings allocated to unvested stock	(995		)	(2,835	)	(838	)
Earnings from continuing operations available to common shareholders — Diluted	$	274,612		789,454		264,394
Weighted average common shares outstanding— Basic	52,390			52,613		53,015
Effect of dilutive equity awards	306			375		346
Weighted average common shares outstanding— Diluted	52,696			52,988		53,361
Earnings from continuing operations per common share — Diluted	$	5.21		14.90		4.95
Anti-dilutive equity awards and market-based restrictive stock rights not included above	1,330			881		716