Earnings Per Share

6 Months Ended

Jun. 30, 2019

For the second quarter of 2019, no stock options were excluded in the computation of earnings per share. For the first six months of 2019, 3,240 stock options were excluded in the computation of diluted earnings per share because they had exercise prices that were greater than the weighted average market price of the Company’s common stock during the period. For the second quarter of 2018, no stock options were excluded in the computation of earnings per share. For the first six months of 2018, 185,292 stock options were excluded in the computation of diluted earnings per share because they had exercise prices that were greater than the weighted average market price of the Company’s common stock during the period.

The weighted average number of common shares used in the calculation of basic and diluted earnings per share consisted of the following (in millions):



	Second Quarter		Six Months
	2019	2018	2019	2018
Weighted average basic common shares outstanding	36.2	35.8	36.2	35.7
Effect of dilutive securities (primarily stock options)	1.2	1.2	1.1	1.2
Weighted average diluted common shares outstanding	37.4	37.0	37.3	36.9