Earning Per Share (EPS)

12 Months Ended

Dec. 31, 2019

EARNINGS PER SHARE (EPS)

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)	2019	2018	2017
Basic earnings per share—Weighted common shares outstanding	135,137	141,026	141,553
Weighted common shares assumed upon exercise of options and vesting of restricted stock units	1,431	1,584	1,965
Diluted earnings per share—Weighted common shares outstanding	136,568	142,610	143,518

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, 2019, 2018 and 2017:



(In thousands)	2019	2018	2017
Shares excluded from calculations of diluted EPS	273	267	303