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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2016, 2015, and 2014 (in thousands, except per share data)

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Income from continuing operations

 

$

81,520

 

 

$

92,336

 

 

$

179,130

 

Loss from discontinued operations, net of tax

 

 

 

 

 

 

 

 

(3,063

)

Net income

 

 

81,520

 

 

 

92,336

 

 

 

176,067

 

Preferred dividends

 

 

3,906

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

77,614

 

 

$

92,336

 

 

$

176,067

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares for basic and diluted calculation:

 

 

 

 

 

 

 

 

 

 

 

 

Average shares used in basic computation

 

 

66,871

 

 

 

68,543

 

 

 

66,472

 

Dilutive effect of stock options and units (1)

 

 

10,692

 

 

 

10,011

 

 

 

9,904

 

Average shares used in diluted computation

 

 

77,563

 

 

 

78,554

 

 

 

76,376

 

Earnings per basic common share:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

1.16

 

 

$

1.35

 

 

$

2.69

 

Loss from discontinued operations

 

 

 

 

 

 

 

 

(0.04

)

Earnings per basic common share

 

$

1.16

 

 

$

1.35

 

 

$

2.65

 

Earnings per diluted common share:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

1.00

 

 

$

1.18

 

 

$

2.35

 

Loss from discontinued operations

 

 

 

 

 

 

 

 

(0.04

)

Earnings per basic common share

 

$

1.00

 

 

$

1.18

 

 

$

2.31