Note 14 - Earnings Per Share

12 Months Ended

Dec. 31, 2016

NOTE

—EARNINGS PER SHARE

Earnings Per Share

EPS is computed by dividing reported net income by the weighted-average number of shares outstanding. Diluted EPS considers the potential dilution that could occur if common stock equivalents were exercised or converted into stock. The difference between the basic and diluted weighted-average equivalent shares with respect to the Company

’s EPS calculation is due entirely to the assumed exercise of stock options and the vesting and settlement of RSUs.

PSAs are included in the computation of diluted shares only to the extent that the underlying performance conditions (i) are satisfied as of the end of the reporting period or (ii) would be considered satisfied if the end of the reporting period were the end of the related performance period and the result would be dilutive under the treasury stock method. For the years ended

December

31,

2016,

2015,

and

2014,

approximately

163,564,

167,849,

and

151,611

anti-dilutive weighted-average shares were excluded from the calculation of EPS because they were anti-dilutive.

The dilutive effect of stock options

, RSUs, and performance shares for each period reported is summarized below:

	2016		2015		2014
	(in thousands)
Basic weighted-average shares outstanding	$	18,989	$	19,335	$	19,608
Effect of potential exercise of stock options , RSUs, and performance shares		427		328		389
Diluted weighted-average shares outstanding	$	19,416	$	19,663	$	19,997