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Earnings Per Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share ("EPS") is computed by dividing net income (loss) attributable to Wynn Resorts, Limited by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) attributable to Wynn Resorts, Limited by the weighted average number of common shares outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potential dilutive securities had been issued. Potentially dilutive securities include outstanding stock options and unvested restricted stock.

The weighted average number of common and common equivalent shares used in the calculation of basic and diluted EPS consisted of the following (in thousands, except per share amounts): 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to Wynn Resorts, Limited
$
79,767

 
$
(17,437
)
 
$
255,499

 
$
128,175

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding
102,173

 
101,439

 
101,960

 
101,423

Potential dilutive effect of stock options and restricted stock
621

 

 
500

 
412

Weighted average common and common equivalent shares outstanding
102,794

 
101,439

 
102,460

 
101,835

 
 
 
 
 
 
 
 
Net income (loss) attributable to Wynn Resorts, Limited per common share, basic
$
0.78

 
$
(0.17
)
 
$
2.51

 
$
1.26

Net income (loss) attributable to Wynn Resorts, Limited per common share, diluted
$
0.78

 
$
(0.17
)
 
$
2.49

 
$
1.26

 
 
 
 
 
 
 
 
Anti-dilutive stock options and restricted stock excluded from the calculation of diluted net income per share
108

 
1,682

 
123

 
785