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Earnings Per Share ("EPS")
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share ("EPS")

5.

Earnings Per Share (“EPS”)

Basic EPS is calculated based on income available to holders of 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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

Weighted average common shares outstanding -  basic

 

249.8

 

 

 

257.0

 

 

 

252.0

 

 

 

258.0

 

 

Dilutive effect of stock options

 

5.8

 

 

 

4.9

 

 

 

5.7

 

 

 

4.8

 

 

Weighted average common shares outstanding - diluted

 

255.6

 

 

 

261.9

 

 

 

257.7

 

 

 

262.8

 

 

Antidilutive stock options outstanding

 

2.5

 

 

 

1.3

 

 

 

3.1

 

 

 

2.1