Per Share Data Per Share Data

9 Months Ended

Sep. 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 Nine Months
	Ended September 30,		Ended September 30,
(In thousands)	2016	2015	2016	2015
Basic	122,562	123,163	122,652	124,294
Diluted	128,556	128,947	128,501	130,563