Share Information

9 Months Ended

Sep. 30, 2017

SHARE INFORMATION

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



	Quarters Ended September 30,		Nine Months Ended September 30,
	2017	2016	2017	2016
Weighted average number of common shares used for basic EPS	32,905,142	34,462,579	33,363,472	34,977,469
Effect of dilutive stock options and restricted and deferred stock unit awards	—	518,411	—	462,562
Weighted average number of common shares and dilutive potential common stock used in dilutive EPS	32,905,142	34,980,990	33,363,472	35,440,031

The Company excluded 737,423 and 702,544 stock options and restricted and deferred stock units for the quarter and nine-month period ended September 30, 2017, respectively, from the diluted earnings per share calculation for the Company’s common stock because of the reported net loss for the periods. The Company excluded 77,807 and 162,178 stock options for the quarters ended September 30, 2017 and 2016, respectively, and 77,807 and 160,191 stock options for the nine months ended September 30, 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.