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Computation of Earnings Per Ordinary Share and Ordinary Share Equivalent
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Computation of Earnings Per Ordinary Share and Ordinary Share Equivalent
Computation of Earnings Per Common Share and Common Share Equivalent
The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2016 and 2015:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands, except per share amounts)
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
Basic earnings per common share & common share equivalents outstanding:
Net income (loss) attributable to common shareholders
$
70,601

 
$
27,282

 
$
136,268

 
$
978,602

Weighted average common shares outstanding, in thousands - basic
273,660

 
301,867

 
282,442

 
282,506

Basic earnings per common share & common share equivalents outstanding
$
0.26

 
$
0.09

 
$
0.48

 
$
3.46

 
 
 
 
 
 
 
 
Diluted earnings per common share & common share equivalents outstanding:
Weighted average common shares outstanding - basic
273,660

 
301,867

 
282,442

 
282,506

Impact of share-based compensation
3,434

 
5,087

 
3,683

 
4,967

Weighted average common shares outstanding - diluted
277,094

 
306,954

 
286,125

 
287,473

Diluted earnings per common share & common share equivalents outstanding
$
0.25

 
$
0.09

 
$
0.48

 
$
3.40

Dividends per common share
$
0.20

 
$
0.20

 
$
0.60

 
$
0.52


For the three months ended September 30, 2016 and 2015, and for the nine months ended September 30, 2016 and 2015, common shares available for issuance under share-based compensation plans of 7.8 million and 2.6 million, respectively, and 7.3 million and 2.4 million, respectively, were not included in the calculation of diluted earnings per common share because the assumed exercise or issuance of such shares would be anti-dilutive.