Share Information

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Share Information

SHARE INFORMATION

Earnings per share have been calculated using the following share information:

	Quarters Ended   September 30,		Nine Months Ended   September 30,
	2016	2015	2016	2015
Weighted average number of common shares used for basic EPS	34,462,579	36,245,193	34,977,469	36,670,565
Effect of dilutive stock options and restricted and deferred stock unit awards	518,411	336,636	462,562	290,021
Weighted average number of common shares and dilutive potential common stock used in dilutive EPS	34,980,990	36,581,829	35,440,031	36,960,586

The Company excluded 162,178 and 270,190 stock options for the quarters ended September 30, 2016 and 2015, respectively, and 160,191 and 280,552 stock options for the nine months ended September 30, 2016 and 2015, respectively, from the diluted earnings per share calculations for the Company’s common stock because they were anti-dilutive as their exercise prices were greater than the average market price of common shares for each period.