Earning Per Share (EPS) (Tables)

12 Months Ended

Dec. 31, 2016

Reconcilation of Share Amount Used in Computaion of Basic and Diluted Earnings Per Share

Basic EPS is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share:

(In thousands)	2016	2015	2014
Basic earnings per share—Weighted common shares outstanding	141,093	140,353	139,311
Weighted common shares assumed upon exercise of options and vesting of restricted stock units	957	768	751
Diluted earnings per share—Weighted common shares outstanding	142,050	141,121	140,062

Shares Excluded Underlying Stock Based Awards from Calculations of Diluted EPS

The Company excluded the following shares underlying stock-based awards from the calculations of diluted EPS because their inclusion would have been anti-dilutive for the years ended December 31, 2016, 2015 and 2014:

(In thousands)	2016	2015	2014
Shares excluded from calculations of diluted EPS	434	998	1,183