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EARNINGS PER-SHARE
3 Months Ended
Mar. 31, 2019
EARNINGS PER-SHARE  
EARNINGS PER-SHARE

10.          EARNINGS PER SHARE

 

Basic earnings per share is determined by dividing net income by the weighted-average common shares outstanding during the period.  The calculation of diluted earnings per share includes the dilutive effect of unexercised non-qualified stock options and non-vested restricted stock units.  The denominator used to compute basic and diluted earnings per share for the three months ended March 31, 2019 and 2018, are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2019

 

Three Months Ended March 31, 2018

 

 

    

 

 

    

Weighted

    

Per

    

 

 

    

Weighted

    

Per

 

 

 

 

 

 

Average

 

Common

 

 

 

 

Average

 

Common

 

 

 

Net

 

Common

 

Share

 

Net

 

Common

 

Share

 

(In millions, except per share amounts)

 

Income

 

Shares

 

Amount

 

Income

 

Shares

 

Amount

 

Basic:

 

$

12.5

 

42.8

 

$

0.29

 

$

14.2

 

42.6

 

$

0.33

 

Effect of Dilutive Securities:

 

 

 

 

0.3

 

 

 —

 

 

 

 

0.3

 

 

 —

 

Diluted:

 

$

12.5

 

43.1

 

$

0.29

 

$

14.2

 

42.9

 

$

0.33

 

 

The computation of weighted-average common shares outstanding excludes a nominal amount of anti-dilutive non-qualified stock options for each period ended March 31, 2019 and 2018.