EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2017

15.EARNINGS PER SHARE

A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below (in thousands):

	Three-Months Ended		Six-Months Ended
	June 30,		June 30,
	2017	2016	2017	2016
Weighted-average shares outstanding:
Basic	567,910	602,937	567,384	605,886
Dilutive	10,110	11,967	10,335	11,958

Diluted	578,020	614,904	577,719	617,844

For the three-months ended June 30, 2017 and 2016, options and awards outstanding totaling 8.8 million shares and 2.0 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the six-months ended June 30, 2017 and 2016, options and awards outstanding totaling 8.4 million shares and 1.6 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.