Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
9 Months Ended
Sep. 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 
 
Nine Months Ended 
 
 
September 30,
 
September 30,
 
 
2018
 
2017
 
2018
 
2017
Weighted average shares outstanding - basic
 
81,885,262

 
82,286,295

 
82,067,519

 
82,317,244

Dilutive effect of share-based awards
 
90,512

 
94,641

 
98,212

 
100,313

Weighted average shares outstanding - diluted
 
81,975,774

 
82,380,936

 
82,165,731

 
82,417,557