Earnings per share

3 Months Ended

Mar. 31, 2016

Earnings per share. The Company’s basic earnings per share attributable to Stewart is calculated by dividing net income attributable to Stewart by the weighted-average number of shares of Common Stock and Class B Common Stock outstanding during the reporting periods. To calculate diluted earnings per share, net income and number of shares are adjusted for the effects of any dilutive shares. The treasury stock method is used to calculate the dilutive number of shares related to the Company’s long term incentive and stock option plans. In periods of loss, dilutive shares are excluded from the calculation of the diluted earnings per share and diluted earnings per share is computed in the same manner as basic earnings per share.

The calculation of the basic and diluted loss per share is as follows:



	For the Three Months Ended March 31,
	2016		2015
	($000 omitted, except per share)
Numerator:
Net loss attributable to Stewart	(11,194	)	(12,448	)

Denominator (000):
Basic and diluted average shares outstanding	23,348		23,990

Basic and diluted loss per share attributable to Stewart	(0.48	)	(0.52	)