Per Share Data Per Share Data

6 Months Ended

Jun. 30, 2016

Per Share Data

The Company presents both basic and diluted net income per share (“EPS”) amounts. Basic EPS is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS is based upon the weighted average number of common and common equivalent shares outstanding during the period and is calculated using the treasury stock method for stock incentive plans. Common equivalent shares are excluded from the computation in periods in which they have an anti-dilutive effect. Stock options for which the exercise price exceeds the average market price over the period have an anti-dilutive effect on EPS and, accordingly, are excluded from the calculation.

The weighted average number of common shares used in the computation of basic and diluted earnings per share was as follows:



	For the Three Months		For the Six Months
	Ended June 30,		Ended June 30,
(In thousands)	2016	2015	2016	2015
Basic	122,616	123,781	122,698	124,869
Diluted	128,575	129,988	128,562	131,228