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Earnings Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share  
Earnings Per Share

Note 2.  Earnings Per Share



Basic earnings per share is based on the weighted average shares of common stock outstanding during the period. Diluted earnings per share assumes the weighted average dilutive effect of common share equivalents outstanding during the period applied to the company’s basic earnings per share. Common share equivalents represent potentially dilutive restricted stock units, deferred stock units, stock options and other equity-based awards; and are excluded from the computation in periods in which they have an anti-dilutive effect. There were no anti-dilutive common share equivalents at or for the three months ended March 31, 2017 and 2016.



The following table presents a reconciliation of the numerators and the denominators of the company’s basic and diluted earnings per share computations for the three months ended March 31, 2017 and 2016 (in thousands, except per share data):





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Three Months Ended March 31,



2017

 

2016



Net Income

 

 

Shares

 

Per Share

 

Net Income

 

 

Shares

 

Per Share



(Numerator)

 

 

(Denominator)

 

Amount

 

(Numerator)

 

 

(Denominator)

 

Amount

Basic earnings per share

$

 200,817 

 

 

 242,943 

 

$

 0.83 

 

$

 62,737 

 

 

 243,202 

 

$

 0.26 

Dilutive common share equivalents

 

 -

 

 

 1,603 

 

 

 

 

 

 -

 

 

 1,406 

 

 

 

Diluted earnings per share

$

 200,817 

 

 

 244,546 

 

$

 0.82 

 

$

 62,737 

 

 

 244,608 

 

$

 0.26