Earnings Per Common Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

Basic earnings per share is computed as net income attributable to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share include the dilutive effect of additional potential common shares issuable under stock options and unvested restricted shares computed using the treasury stock method. Earnings per share have been computed based on the following:

(Shares in thousands)	Three Months Ended
	March 31, 2016	March 31, 2015
Weighted average number of shares outstanding:
Basic	43,063	46,294
Dilutive effect of options outstanding	840	676
Dilutive effect of unvested restricted shares	1	662
Diluted	43,904	47,632

The dilutive effect of stock options and unvested restricted shares are the only common stock equivalents for purposes of calculating diluted earnings per common share.

Weighted average anti-dilutive stock options and unvested restricted shares excluded from the computation of diluted earnings per share are as follows:

(Shares in thousands)	Three Months Ended
	March 31, 2016	March 31, 2015
Anti-dilutive stock options	39	10
Anti-dilutive unvested restricted shares	—	—