EARNINGS PER SHARE

9 Months Ended

Sep. 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		Nine-Months Ended
	September 30,		September 30,
	2017	2016	2017	2016
Weighted-average shares outstanding:
Basic	567,878	571,137	567,550	594,219
Dilutive	10,490	12,156	10,414	12,060

Diluted	578,368	583,293	577,964	606,279

For the three-months ended September 30, 2017 and 2016, options and awards outstanding totaling 5.9 million shares and 1.9 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the nine-months ended September 30, 2017 and 2016, options and awards outstanding totaling 8.4 million shares and 1.7 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.