XML 30 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basic and Diluted Earnings Per Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share
Diluted earnings attributable to shareholders per share is computed using the weighted average number of common shares and dilutive potential common shares outstanding. Dilutive potential shares represent outstanding stock options, including purchase options under the Company's employee stock purchase plan and unvested RSU. Basic earnings attributable to shareholders per share is calculated using the weighted average number of common shares outstanding without taking into consideration dilutive potential common shares outstanding.
The following table reconciles the numerator and the denominator of the basic and diluted per share computations for earnings attributable to shareholders.
 
 
Net earnings
attributable to
shareholders
 
Weighted
average
shares
 
Earnings 
per share 
2018
 
 
 
 
 
 
Basic earnings attributable to shareholders
 
$
618,199

 
174,133

 
$
3.55

Effect of dilutive potential common shares
 

 
3,700

 

Diluted earnings attributable to shareholders
 
$
618,199

 
177,833

 
$
3.48

2017
 
 
 
 
 
 
Basic earnings attributable to shareholders
 
$
489,345

 
179,247

 
$
2.73

Effect of dilutive potential common shares
 

 
2,419

 

Diluted earnings attributable to shareholders
 
$
489,345

 
181,666

 
$
2.69

2016
 
 
 
 
 
 
Basic earnings attributable to shareholders
 
$
430,807

 
181,282

 
$
2.38

Effect of dilutive potential common shares
 

 
1,422

 

Diluted earnings attributable to shareholders
 
$
430,807

 
182,704

 
$
2.36



Substantially all outstanding potential common shares shares in 2018 and 2017 were dilutive. In 2016, 9.2 million of potential common shares were excluded from the computation of diluted earnings per share because the effect would have been antidilutive.