Earnings Per Share

9 Months Ended

Sep. 30, 2020

14. Earnings Per Share

The following is a reconciliation of weighted average shares for the basic and diluted shares computations (in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Weighted average shares outstanding for basic net earnings (loss) per share		207.1		205.3		206.8		204.8
Effect of dilutive stock options and other equity awards		1.4		1.7		-		1.5
Weighted average shares outstanding for diluted net earnings (loss) per share		208.5		207.0		206.8		206.3

Since we incurred a net loss in the nine-month period ended September 30, 2020, no dilutive stock options or other equity awards were included as diluted shares. During the three-month period ended September 30, 2020, an average of 1.3 million options to purchase shares of common stock were not included in the computation of diluted earnings per share because the exercise prices of these options were greater than the average market price of our common stock. During the nine-month period ended September 30, 2019, an average of 1.2 million options were not included for the same reason, with minimal options excluded in the three-month period ended September 30, 2019.