Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

22. Earnings Per Share

The computations of basic and diluted net earnings per share are as follows:

	(in thousands, except per share data)
	2014			2013			2012
Basic net earnings per share:
Basic net earnings	$	713,946		$	488,025		$	504,619
Earnings allocated to participating securities		(2,321	)		(1,919	)		(1,713	)
Net earnings available to common stockholders	$	711,625		$	486,106		$	502,906
Average shares outstanding		319,838			319,077			318,172
Basic net earnings per share	$	2.22		$	1.52		$	1.58
Diluted net earnings per share:
Diluted net earnings	$	713,946		$	488,025		$	504,619
Earnings allocated to participating securities		(2,321	)		(1,919	)		(1,714	)
Net earnings available to common stockholders	$	711,625		$	486,106		$	502,905
Diluted average shares outstanding:
Basic shares outstanding		319,838			319,077			318,172
Dilutive effect of stock options and other		289			189			68
		320,127			319,266			318,240
Diluted net earnings per share	$	2.22		$	1.52		$	1.58

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):

	2014		2013		2012
Anti-dilutive stock options:
Weighted-average shares		—		137		801
Weighted-average exercise price	$	—	$	44.51	$	42.07