Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share, Policy
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 
 
Six Months Ended 
 
 
June 30,
 
June 30,
 
 
2018
 
2017
 
2018
 
2017
Weighted average shares outstanding - basic
 
82,067,872

 
82,318,623

 
82,160,159

 
82,333,739

Dilutive effect of share-based awards
 
101,680

 
109,352

 
102,126

 
102,431

Weighted average shares outstanding - diluted
 
82,169,552

 
82,427,975

 
82,262,285

 
82,436,170