EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2013

EARNINGS PER SHARE

EARNINGS PER SHARE

14. EARNINGS PER SHARE

A reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations for the years ended December 31, 2013, 2012 and 2011 is presented below (in thousands):

	2013	2012	2011
Weighted-average shares outstanding:
Basic	166,679	173,712	176,212
Dilutive securities	6,708	9,371	10,462
Diluted	173,387	183,083	186,674

For the years ended December 31, 2013, 2012 and 2011, options and awards outstanding totaling 1.3 million shares, 0.3 million shares and 0.3 million shares respectively, were excluded from the calculations as their effect would have been antidilutive.