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Earnings Per Share ("EPS")
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share ("EPS")

5.

Earnings Per Share (“EPS”)

Basic EPS is calculated based on income available to holders of the Company’s common stock (“Common Stock”) and the weighted average number of shares outstanding during the reported period.  Diluted EPS includes additional dilution from potential Common Stock issuable pursuant to the exercise of outstanding stock options.

The following table sets forth a reconciliation of the weighted average number of shares of Common Stock outstanding to the weighted average number of shares outstanding on a diluted basis:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Weighted average common shares outstanding -  basic

 

131.1

 

 

 

133.7

 

 

 

131.3

 

 

 

135.5

 

Dilutive effect of stock options

 

2.5

 

 

 

2.3

 

 

 

2.5

 

 

 

2.4

 

Weighted average common shares outstanding - diluted

 

133.6

 

 

 

136.0

 

 

 

133.8

 

 

 

137.9

 

Antidilutive stock options outstanding

 

0.5

 

 

 

1.2

 

 

 

1.1

 

 

 

1.2