Earnings Per Share

6 Months Ended

Jun. 30, 2018

Basic EPS is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding for the period. The weighted-average shares outstanding for diluted EPS includes the incremental effects of the various long-term incentive compensation plans. The calculation of diluted earnings per share excludes the impact of forward agreements (see Note 5, "Equity"), which had an anti-dilutive effect for the periods outstanding. The computation of diluted average common shares for the three months ended June 30, 2017 is not presented since we had a net loss on the Condensed Statements of Consolidated Income (Loss) (unaudited) during the period and any incremental shares would have had an anti-dilutive impact on EPS. The computation of diluted average common shares is as follows:



	Three Months Ended	Six Months Ended
	June 30,	June 30,
(in thousands)	2018	2018	2017
Denominator
Basic average common shares outstanding	354,229	346,165	324,386
Dilutive potential common shares:
Shares contingently issuable under employee stock plans	861	789	452
Shares restricted under employee stock plans	71	167	975
Diluted Average Common Shares	355,161	347,121	325,813