Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2013

Computations of Basic and Diluted Net Earnings Per Share

The computations of basic and diluted net earnings per share are as follows (in thousands, except per share data):

	2013			2012			2011
Basic net earnings per share:
Basic net earnings	$	488,025		$	504,619		$	778,188
Earnings allocated to participating securities		(1,919	)		(1,713	)		(2,653	)
Net earnings available to common stockholders	$	486,106		$	502,906		$	775,535
Average shares outstanding		319,077			318,172			316,997
Basic net earnings per share	$	1.52		$	1.58		$	2.45
Diluted net earnings per share:
Diluted net earnings	$	488,025		$	504,619		$	778,188
Earnings allocated to participating securities		(1,919	)		(1,714	)		(2,654	)
Net earnings available to common stockholders	$	486,106		$	502,905		$	775,534
Diluted average shares outstanding:
Basic shares outstanding		319,077			318,172			316,997
Dilutive effect of stock options and other		189			68			164
		319,266			318,240			317,161
Diluted net earnings per share	$	1.52		$	1.58		$	2.45

Anti-Dilutive Stock Options

The following stock options were excluded from the computation of diluted net earnings per share because their effect would have been anti-dilutive (shares in thousands):

	2013		2012		2011
Anti-dilutive stock options:
Weighted average shares		137		801		801
Weighted average exercise price	$	44.51	$	42.07	$	42.07