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Earnings Per Share | 3 Months Ended
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Mar. 31, 2013
Earnings Per Share | Earnings Per Share The Company’s basic earnings per share calculations are based on the weighted average number of common shares outstanding during the year. Shares of restricted stock are included in the computation of both basic and diluted earnings per share. Potentially dilutive securities include outstanding stock options, Restricted Share Units, Deferred Stock Units and Performance-based Restricted Share Units. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per common share by application of the treasury method. Diluted earnings per share gives effect to all potentially dilutive common shares outstanding during the year.
| Three Months Ended |
| March 31, |
(in thousands, except per share data) | 2013 |  | 2012 |
Income from continuing operations | $ | 57,942 |  |  | $ | 50,974 |  |
Less: Non-controlling interest in subsidiaries’ earnings | 151 |  |  | 134 |  |
Income from continuing operations attributable to common shareholders | 57,791 |  |  | 50,840 |  |
Discontinued operations, net of tax | — |  |  | 822 |  |
Net income attributable to common shareholders | $ | 57,791 |  |  | $ | 51,662 |  |
Average basic shares outstanding | 57,479 |  |  | 57,889 |  |
Effect of dilutive stock options | 910 |  |  | 991 |  |
Average diluted shares outstanding | 58,389 |  |  | 58,880 |  |
Earnings per share - basic: |  |  |  |
Income from continuing operations attributable to common shareholders | $ | 1.01 |  |  | $ | 0.88 |  |
Discontinued operations, net of tax | — |  |  | 0.01 |  |
Net income attributable to common shareholders | $ | 1.01 |  |  | $ | 0.89 |  |
Earnings per share - diluted: (a) |  |  |  |
Income from continuing operations attributable to common shareholders | $ | 0.99 |  |  | $ | 0.86 |  |
Discontinued operations, net of tax | — |  |  | 0.01 |  |
Net income attributable to common shareholders | $ | 0.99 |  |  | $ | 0.88 |  |
(a) | EPS amounts may not add due to rounding
The computation of diluted earnings per share excludes the effect of the potential exercise of stock options when the average market price of the common stock is lower than the exercise price of the related stock options during the period (1.7 million and 1.6 million average options were excluded for the first quarter of 2013 and 2012, respectively).

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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