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Earnings Per Share Level 1 (Notes)
12 Months Ended
Dec. 31, 2017
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 basic and diluted EPS for the three years ended December 31 is presented below:
 
2017
 
2016
 
2015
 
(In thousands, except per share amounts)
Amounts attributable to common stockholders:
 

 
 

 
 

Income from continuing operations — basic
$
546,663

 
$
177,038

 
$
234,162

After tax interest on convertible debt
52

 
43

 
50

Income from continuing operations — diluted
$
546,715

 
$
177,081

 
$
234,212

 
 
 
 
 
 
Loss from discontinued operations, net of tax
$

 
$

 
$
(390
)
 
 
 
 
 
 
Net income — basic
$
546,663

 
$
177,038

 
$
233,772

After tax interest on convertible debt
52

 
43

 
50

Net income — diluted
$
546,715

 
$
177,081

 
$
233,822

Weighted average shares:
 

 
 

 
 

Weighted average shares — basic
187,630

 
193,086

 
200,356

Stock options
4,396

 
2,823

 
3,973

Restricted share units
99

 
12

 

Convertible debt
121

 
121

 
121

Weighted average shares — diluted
192,246

 
196,042

 
204,450

Amounts attributable to common stockholders:
 
 
 
 
 
Income from continuing operations per share:
 
 
 
 
 
Basic
$
2.91

 
$
0.92

 
$
1.17

Diluted
$
2.84

 
$
0.90

 
$
1.14

Net income per share:
 

 
 

 
 

Basic
$
2.91

 
$
0.92

 
$
1.17

Diluted
$
2.84

 
$
0.90

 
$
1.14


The computation of diluted earnings per share excludes outstanding stock options in certain periods in which the inclusion of such options would be antidilutive to the periods presented. Total options not currently included in the computation of dilutive EPS