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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
. EARNINGS PER SHARE
The Corporation is required to report both basic earnings per share (EPS), based on the weighted-average number of common shares outstanding, and diluted earnings per share, based on the basic EPS adjusted for all potentially dilutive shares issuable.
As of December 31, 2016, 2015, and 2014, there were no options outstanding that were considered anti-dilutive.
Earnings per share calculations for the years ended December 31, 2016, 2015, and 2014, are as follows:
(In thousands, except per share data)
 
Earnings from
continuing
operations
 
Weighted-
Average Shares
Outstanding
 
Earnings per share
from continuing
operations
2016
 
 
 
 
 
 
Basic earnings per share from continuing operations
 
$
189,382

 
44,389

 
$
4.27

Dilutive effect of stock options and deferred stock compensation
 
 
 
656

 
 
Diluted earnings per share from continuing operations
 
$
189,382

 
45,045

 
$
4.20

2015
 
 
 
 
 
 
Basic earnings per share from continuing operations
 
$
192,248

 
46,624

 
$
4.12

Dilutive effect of stock options and deferred stock compensation
 
 
 
992

 
 
Diluted earnings per share from continuing operations
 
$
192,248

 
47,616

 
$
4.04

2014
 
 
 
 
 
 
Basic earnings per share from continuing operations
 
$
169,949

 
48,019

 
$
3.54

Dilutive effect of stock options and deferred stock compensation
 
 
 
1,056

 
 
Diluted earnings per share from continuing operations
 
$
169,949

 
49,075

 
$
3.46