Earnings per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

19. Earnings per Share

The following table sets forth a reconciliation of the information used in computing basic and diluted earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Earnings from continuing operations	$	263,652	$	233,330	$	754,993	$	624,895
Earnings from discontinued operations, net	5,462		7,716		54,173		26,315
Net earnings	$	269,114	$	241,046	$	809,166	$	651,210
Basic earnings per common share:
Earnings from continuing operations	$	1.55	$	1.28	$	4.40	$	3.41
Earnings from discontinued operations, net	$	0.03	$	0.04	$	0.32	$	0.14
Net earnings	$	1.58	$	1.33	$	4.71	$	3.56
Weighted average shares outstanding	170,544,000		181,763,000		171,690,000		183,000,000
Diluted earnings per common share:
Earnings from continuing operations	$	1.53	$	1.27	$	4.34	$	3.37
Earnings from discontinued operations, net	$	0.03	$	0.04	$	0.31	$	0.14
Net earnings	$	1.56	$	1.31	$	4.65	$	3.51
Weighted average shares outstanding	172,734,000		183,932,000		173,870,000		185,489,000

The following table is a reconciliation of the share amounts used in computing earnings per share:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2013	2012	2013	2012
Weighted average shares outstanding - Basic	170,544,000	181,763,000	171,690,000	183,000,000
Dilutive effect of assumed exercise of employee stock options and SARs and vesting of performance shares	2,190,000	2,169,000	2,180,000	2,489,000
Weighted average shares outstanding - Diluted	172,734,000	183,932,000	173,870,000	185,489,000

Diluted per share amounts are computed using the weighted-average number of common shares and, if dilutive, potential common shares outstanding during the period.  Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and SARs, and vesting of performance shares and restricted shares, as determined using the treasury stock method.  For the three and nine months ended September 30, 2012, the weighted average number of anti-dilutive potential common shares excluded from the calculation above totaled 3,128,000 and 2,899,000, respectively. There were no anti-dilutive potential common shares excluded from the calculation above for the three and nine months ended September 30, 2013.