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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table presents the calculation of our basic and diluted earnings per share (“EPS”).  The weighted average shares outstanding used to compute basic EPS and diluted EPS for the three months ended March 31, 2018 is 98,620,957 and 99,487,013, respectively and three months ended March 31, 2017 was 98,798,007 and 99,339,928, respectively.

 

 

 

Three Months Ended March 31,

 

($ and shares outstanding in millions, except per share amounts)

 

2018

 

 

2017

 

Basic EPS:

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net Income(1)

 

$

30

 

 

$

50

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

99

 

 

 

99

 

Basic EPS

 

$

0.31

 

 

$

0.51

 

Diluted EPS:

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net Income(1)

 

$

30

 

 

$

50

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

99

 

 

 

99

 

Diluted EPS

 

$

0.30

 

 

$

0.51

 

 

(1)

Net income for the three months ended March 31, 2018 and 2017 was $30,170,029 and $50,212,615, respectively.