Share Information

3 Months Ended

Mar. 31, 2017

SHARE INFORMATION

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



	Quarters Ended March 31,
	2017	2016
Weighted average number of common shares used for basic EPS	33,819,331	35,488,580
Effect of dilutive stock options and restricted and deferred stock unit awards	685,257	—
Weighted average number of common shares and dilutive potential common stock used in dilutive EPS	34,504,588	35,488,580

The Company excluded 391,885 stock options and restricted and deferred stock units in the first quarter of 2016 from the diluted earnings per share calculation for the Company’s common stock because of the reported net loss for the period. The Company excluded 77,807 and 164,014 stock options for the first quarters of 2017 and 2016, 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.