Earnings Per Share

3 Months Ended

Mar. 31, 2018

Note 2. Earnings Per Share

Basic earnings per share is computed by dividing net income by the daily weighted average number of shares of our common stock outstanding for the period, excluding unvested restricted stock. Unvested restricted stock is included in common shares outstanding on our Condensed 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
	March 31,
	2018	2017
Weighted average shares outstanding - basic	82,253,470	82,349,024
Dilutive effect of share-based awards	102,578	95,434
Weighted average shares outstanding - diluted	82,356,048	82,444,458