EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2018

Diluted earnings per share was computed based on the weighted-average number of shares outstanding plus all potentially dilutive common shares. A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows:



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(In thousands)	2018	2017	2018	2017
Basic weighted-average shares outstanding	43,892	44,137	44,060	44,196
Dilutive effect of stock options and deferred stock compensation	442	549	453	586
Diluted weighted-average shares outstanding	44,334	44,686	44,513	44,782

For the three and nine months ended September 30, 2018, there were no anti-dilutive equity-based awards. For the three and nine months ended September 30, 2017, approximately 38,000 shares issuable under equity-based awards were excluded from the calculation of diluted earnings per share as they were anti-dilutive based on the average stock price during the period.