7. Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings per share:

Earnings Per Share

Earnings per share for the three-month periods ended March 31, 2015 and 2014 were calculated using the weighted average number of shares outstanding for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings per share for the three-month ended March 31, 2015 and 2014:

	Three Months Ended
	March 31,
	2015		2014
	(In thousands)
Weighted average number of common shares outstanding during the period used to compute basic earnings per share		25,635		24,355
Incremental common shares attributable to exercise of outstanding options and warrants		6,356		7,656
Weighted average number of common shares used to compute diluted earnings per share		31,991		32,011

If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three-month periods ended March 31, 2015 and 2014 would have included an additional 4.7 and 2.5 million shares, respectively attributable to the exercise of outstanding options and warrants.