XML 63 R11.htm IDEA: XBRL DOCUMENT v3.3.0.814
Shareholders' Equity and Earnings per Share
9 Months Ended
Sep. 30, 2015
Shareholders Equity And Earnings Per Share [Abstract]  
Shareholders' Equity and Earnings per Share

2.

Shareholders’ Equity and Earnings per Share

Basic earnings per share (“EPS”) is calculated by dividing earnings available to common shareholders by the weighted average number of common shares outstanding, including participating securities outstanding. Diluted EPS is similar to basic EPS, but adjusts for the effect of the potential issuance of common shares. We include all unvested stock awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in our basic and diluted EPS number of shares outstanding.

The following table presents information about basic and diluted weighted average shares outstanding:

 

( in thousands )

 

Three months ended

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2015

 

 

2014

 

 

 

2015

 

 

 

2014

 

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

129,177

 

 

 

140,738

 

 

 

129,817

 

 

 

142,786

 

Dilutive effect of equity awards

 

 

527

 

 

 

890

 

 

 

617

 

 

 

917

 

Diluted weighted average shares outstanding

 

 

129,704

 

 

 

141,628

 

 

 

130,434

 

 

 

143,703

 

Anti-dilutive share awards

 

 

1,193

 

 

 

288

 

 

 

752

 

 

 

301

 

 

For the three and nine months ended September 30, 2015 and 2014, we had stock options that were anti-dilutive and, accordingly, were not included in the computation of diluted weighted average shares outstanding.