EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2017

The following table represents the Company's basic and dilutive weighted-average shares:



	Three months ended March 31,
	2017	2016
	(in thousands)
Basic weighted average shares	68,246	73,078
Effect of dilutive stock-based compensation awards	54	295
Diluted weighted average shares	68,300	73,373

The following awards were not included in the computation of diluted EPS because the impact of applying the treasury stock method was antidilutive or because certain conditions have not been met with respect to the Company's performance and market-based awards.



	Three months ended March 31,
	2017	2016
	(in thousands)
Antidilutive:
Time-based	1,615	794
Market-based	—	167
Contingently issuable:
Performance-based	77	141
Market-based	462	—
Total stock-based awards excluded from diluted EPS	2,154	1,102

The Company has the intent and ability to settle the principal portion of its Notes in cash, and as such, has applied the treasury stock method, which has resulted in all underlying convertible shares being anti-dilutive as the Company's average stock price in the current quarter is less than the conversion price.