Earnings Per Share

3 Months Ended

Mar. 31, 2019

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average common and potentially dilutive common equivalent shares outstanding, determined as follows:



	Three Months Ended
	March 31,
(In thousands)	2019	2018
Weighted average shares outstanding used to compute basic earnings per share	33,123	32,982
Incremental dilutive shares attributable to stock options and restricted stock	4	6
Shares used to compute diluted earnings per share	33,127	32,988

Incremental shares attributable to stock options and restricted stock are computed under the treasury stock method using the average market price during the related period. For the three months ended March 31, 2019, average out-of-the-money options to purchase shares that were excluded from the calculation of incremental shares attributable to stock options and restricted stock were 975,904. For the three months ended March 31, 2018, average out-of-the-money options to purchase shares that were excluded from the calculation of incremental shares attributable to stock options and restricted stock were 313,834.