XML 111 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share Level 1 (Notes)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings Per Share
Basic earnings per common share (EPS) excludes dilution and is computed by dividing Net income attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other obligations to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in our earnings.
A reconciliation of the numerators and denominators of the basic and diluted EPS for the three years ended December 31 is presented below:
 
2014
 
2013
 
2012
 
(In thousands, except per share amounts)
Amounts attributable to common stockholders:
 

 
 

 
 

Income from continuing operations — basic
$
170,283

 
$
146,926

 
$
153,583

After tax interest on convertible debt
51

 
51

 
51

Income from continuing operations — diluted
$
170,334

 
$
146,977

 
$
153,634

Income from discontinued operations, net of tax
$
2,186

 
$
406

 
$
262

Net income — basic
$
172,469

 
$
147,332

 
$
153,845

After tax interest on convertible debt
51

 
51

 
51

Net income — diluted
$
172,520

 
$
147,383

 
$
153,896

Weighted average shares:
 

 
 

 
 

Weighted average shares — basic
210,741

 
211,811

 
215,712

Stock options
3,338

 
4,082

 
3,233

Convertible debt
121

 
121

 
121

Weighted average shares — diluted
214,200

 
216,014

 
219,066

Amounts attributable to common stockholders:
 
 
 
 
 
Income from continuing operations per share:
 
 
 
 
 
Basic
$
0.81

 
$
0.70

 
$
0.71

Diluted
$
0.80

 
$
0.68

 
$
0.70

Income from discontinued operations per share:
 
 
 
 
 
Basic
$
0.01

 
$
—

 
$
—

Diluted
$
0.01

 
$
—

 
$
—

Net income per share:
 

 
 

 
 

Basic
$
0.82

 
$
0.70

 
$
0.71

Diluted
$
0.81

 
$
0.68

 
$
0.70


The computation of diluted earnings per share excludes outstanding stock options and convertible debt in certain periods in which the inclusion of such options and debt would be antidilutive to the periods presented. Total options not currently included in the computation of diluted EPS in shares are 1.5 million, 1.2 million, and 1.3 million for the years ended December 31, 2014, 2013, and 2012, respectively.