Earnings per Share

3 Months Ended

Mar. 31, 2016

17. 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 March 31,
	2016		2015
Earnings from continuing operations	$	99,356	$	117,190
Earnings from discontinued operations, net	—		92,320
Net earnings	$	99,356	$	209,510

Basic earnings per common share:
Earnings from continuing operations	$	0.64	$	0.72
Earnings from discontinued operations, net	$	—	$	0.57
Net earnings	$	0.64	$	1.30

Weighted average shares outstanding	155,064,000		161,650,000

Diluted earnings per common share:
Earnings from continuing operations	$	0.64	$	0.72
Earnings from discontinued operations, net	$	—	$	0.57
Net earnings	$	0.64	$	1.28

Weighted average shares outstanding	156,161,000		163,323,000

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



	Three Months Ended March 31,
	2016	2015
Weighted average shares outstanding - Basic	155,064,000	161,650,000
Dilutive effect of assumed exercise of employee stock options and SARs and vesting of performance shares	1,097,000	1,673,000
Weighted average shares outstanding - Diluted	156,161,000	163,323,000

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.

The weighted average number of anti-dilutive potential common shares excluded from the calculation above were approximately 27,000 and 56,000 for the three months ended March 31, 2016 and 2015, respectively.