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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Computations of Basic and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

    

2016

    

2015

    

2014

 

Numerator: Net earnings 

    

$

311.1

    

$

285.7

    

$

104.3

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share - Weighted average shares (in millions)

 

 

100.4

 

 

104.0

 

 

104.0

 

Effect of dilutive securities (in millions)

 

 

0.5

 

 

0.5

 

 

0.5

 

Denominator for diluted earnings per share - Adjusted weighted average shares (in millions)

 

 

100.9

 

 

104.5

 

 

104.5

 

Basic net earnings per share:

 

 

 

 

 

 

 

 

 

 

Net earnings per share from continuing operations

 

$

3.10

 

$

2.75

 

$

0.55

 

Net earnings per share from discontinued operations

 

 

 —

 

 

 —

 

 

0.45

 

Basic net earnings per share

 

$

3.10

 

$

2.75

 

$

1.00

 

Diluted net earnings per share:

 

 

 

 

 

 

 

 

 

 

Net earnings per share from continuing operations

 

$

3.08

 

$

2.73

 

$

0.55

 

Net earnings per share from discontinued operations

 

 

 —

 

 

 —

 

 

0.45

 

Diluted net earnings per share

 

$

3.08

 

$

2.73

 

$

1.00

 

 

Restricted Stock Shares Granted, Vested, Forfeited and Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

December 31, 2015

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

Average

 

 

 

Weighted

 

Average

 

 

 

 

 

Average

 

Remaining

 

 

 

Average

 

Remaining

 

 

 

Shares

 

Grant Date

 

Vesting Period

 

Shares

 

Grant Date

 

Vesting Period

 

 

    

(in thousands)

    

Fair Value

    

(in years)

    

(in thousands)

    

Fair Value

    

(in years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, beginning of period

 

1,522

 

$

51.97

 

2.74

 

1,545

 

$

49.03

 

2.65

 

Shares granted

 

176

 

 

41.77

 

 —

 

727

 

 

51.45

 

 —

 

Shares vested

 

(564)

 

 

49.82

 

 —

 

(587)

 

 

44.07

 

 —

 

Shares forfeited

 

(108)

 

 

49.05

 

 —

 

(163)

 

 

51.14

 

 —

 

Outstanding, end of period

 

1,026

 

 

51.84

 

2.26

 

1,522

 

 

51.97

 

2.74