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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share
Our calculation of basic and diluted earnings per share is as follows:
 
Three Months Ended
 
March 31,
In thousands, except per share data
2016
 
2015
Numerator
 
 
 
Income from continuing operations
$
38,451

 
$
42,155

Loss from discontinued operations, net of tax
—

 
(6,556
)
Net income
$
38,451

 
$
35,599

 
 
 
 
Income from continuing operations
$
38,451

 
$
42,155

Dividends and undistributed income allocated to participating shares
(1,465
)
 
(1,380
)
Income from continuing operations to common shares - basic
36,986

 
40,775

Effect of reallocating undistributed income from continuing operations to participating shares
2

 
1

Income from continuing operations to common shares - diluted
$
36,988

 
$
40,776

 
 
 
 
Denominator
 
 
 
Weighted average common shares - basic
16,094

 
18,269

Dilutive effect of share-based payment awards
42

 
17

Weighted average common shares - diluted(1)
16,136

 
18,286

 
 
 
 
Basic earnings (loss) per common share:
 
 
 
Continuing operations
$
2.30

 
$
2.23

Discontinued operations
—

 
(0.36
)
Basic earnings per common share
$
2.30

 
$
1.87

 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
Continuing operations
$
2.29

 
$
2.23

Discontinued operations
—

 
(0.36
)
Diluted earnings per common share
$
2.29

 
$
1.87

 
 
 
 
Stock options and share-based awards not included in diluted EPS calculation because their effect would have be antidilutive
328

 
3

(1)
Participating securities were included in the calculation of diluted earnings per share using the two-class method, as this calculation was more dilutive than the calculation using the treasury stock method.