Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
3 Months Ended
Mar. 31, 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 
 
 
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