Earnings Per Share

6 Months Ended

Jun. 30, 2017

Note 2. Earnings Per Share

Basic earnings per share of the Company is computed by dividing net income by the daily weighted average number of shares of common stock outstanding for the period, excluding unvested restricted stock. Unvested restricted stock is included in common shares outstanding in the balance sheets. Diluted earnings per share is computed using the treasury stock method and includes the impact of shares of unvested restricted stock.

The following table provides a reconciliation of the number of common shares used in computing basic and diluted earnings per share:



	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2017	2016	2017	2016
Weighted average shares outstanding - basic	82,318,623	83,354,013	82,333,739	83,668,521
Dilutive effect of share-based awards	109,352	27,416	102,431	13,707
Weighted average shares outstanding - diluted	82,427,975	83,381,429	82,436,170	83,682,228