Annual report pursuant to Section 13 and 15(d)

THREE-FOR-TWO STOCK SPLIT (Tables)

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THREE-FOR-TWO STOCK SPLIT (Tables)
12 Months Ended
Dec. 31, 2015
Three-for-two Stock Split Tables  
Schedule of Pro Forma Effect of Stock Split on Shareholder's Equity
(in thousands)   December 31, 2014
(pre-split)
  Adjustment   December 31, 2014
(post-split)
STOCKHOLDERS’ EQUITY                        
Preferred stock, without par value; 500,000 authorized, zero shares issued   $ —       $ —       $ —    
Common stock, par value $1 per share; 250,000,000 shares authorized, 218,482,907 shares issued(1)     145,722       72,761       218,483  
Treasury Stock, par value $1 per share; 200,000 and 0 shares, respectively     (200 )     —         (200 )
Paid-in-capital     62,839       —         62,839  
Accumulated other comprehensive loss     (65,488 )     —         (65,488 )
Retained earnings     319,803       (72,761 )     247,042  
Total stockholders’ equity   $ 462,676     $ —       $ 462,676  

(1) Shares issued increased as follows: 2014 - 72,760,969; 2013 - 72,932,222

Schedule of Pro Forma Effect of Stock Split on Earning Per Share
(in thousands, except per share amounts)   December 31, 2014
(pre-split)
  Adjustment   December 31, 2014
(post-split)
Net Income   $ 137,664     $ —       $ 137,664  
                         
Basic Earnings Per Share   $ 0.94     $ (0.31 )   $ 0.63  
Diluted Earnings Per Share   $ 0.94     $ (0.31 )   $ 0.63  
                         
Shares used for computation:                        
Basic     145,796       72,899       218,695  
Diluted     145,796       72,899       218,695