XML 74 R19.htm IDEA: XBRL DOCUMENT v3.2.0.727
Earnings Per Share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents the computations of basic and diluted net earnings per share for the periods indicated:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30,
 
March 31,
 
June 30,
 
June 30,
 
 
 
2015
 
2015
 
2014
 
2015
 
2014
 
 
 
(Dollars in thousands, except per share data)
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
Net earnings from continuing operations
$
85,083

 
$
73,079

 
$
11,230

 
$
158,162

 
$
37,135

 
Less:
Earnings allocated to unvested restricted stock(1)
(807
)
 
(819
)
 
(290
)
 
(1,570
)
 
(424
)
 
Net earnings from continuing operations allocated to common shares
84,276

 
72,260

 
10,940

 
156,592

 
36,711

 
Net loss from discontinued operations allocated to common shares

 

 
(675
)
 

 
(1,500
)
 
Net earnings allocated to common shares
$
84,276

 
$
72,260

 
$
10,265

 
$
156,592

 
$
35,211

 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average basic shares and unvested restricted
 
 
 
 
 
 
 
 
 
 
stock outstanding
103,030

 
103,035

 
98,817

 
103,033

 
72,454

 
Less:
Weighted-average unvested restricted stock outstanding
(1,060
)
 
(1,122
)
 
(678
)
 
(1,091
)
 
(911
)
 
Weighted-average basic shares outstanding
101,970

 
101,913

 
98,139

 
101,942

 
71,543

 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
Net earnings from continuing operations
$
0.83

 
$
0.71

 
$
0.11

 
$
1.54

 
$
0.51

 
Net loss from discontinued operations

 

 
(0.01
)
 

 
(0.02
)
 
Net earnings
$
0.83

 
$
0.71

 
$
0.10

 
$
1.54

 
$
0.49

 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
Net earnings from continuing operations allocated to common shares
$
84,276

 
$
72,260

 
$
10,940

 
$
156,592

 
$
36,711

 
Net loss from discontinued operations allocated to common shares

 

 
(675
)
 

 
(1,500
)
 
Net earnings allocated to common shares
$
84,276

 
$
72,260

 
$
10,265

 
$
156,592

 
$
35,211

 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average basic shares outstanding
101,970

 
101,913

 
98,139

 
101,942

 
71,543

 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
Net earnings from continuing operations
$
0.83

 
$
0.71

 
$
0.11

 
$
1.54

 
$
0.51

 
Net loss from discontinued operations

 

 
(0.01
)
 

 
(0.02
)
 
Net earnings
$
0.83

 
$
0.71

 
$
0.10

 
$
1.54

 
$
0.49

________________________
(1)
Represents cash dividends paid to holders of unvested restricted stock, net of estimated forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.